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With all due respect to the different opinions of holders here, in my honest opinion where we are at is everything to do with LC. GL all, and interesting times ahead.
Also look at ORR. It has been up to 1.8p recently despite a lot of 0.68p warrants. They however are drip fed. I think if the 0.4 warrants had expiry of next year and not May it would be very different. But it is what it is. It should be higher now. But like on all shares, is that a time to sell or time to buy more?
I remember not long ago on ARB bb, some idiots were predicting the SP to tank (from about 5p) when bitcoin had its halving. After the SP has gone up 70 fold where are those people now? Disappeared.
This sp will be a future event that no one is privy to.
However this is very much a ground up rebuild a bit like wishbone gold was. And despite RP being in charge there, 10 bags up from lows. I made good money there buying in at 1.9p
The share price action is based on supply vs demand of shares. Same as on all shares.
Demand has been high. Supply has been from non retail. Ie warrants. Will be interesting when we should get an RNS about conversions. I think likely RNs tomorrow. Trading well under nav due to the mechanics of supply and demand. Nothing more and nothing less. When the warrants due to expire in 2 weeks are cancelled or all done it will be interesting as supply will be somewhat cut. The other warrants expire in 2 years so no rush on those.
Could be at a situation where kibos mast shares are worth 2-4x its own mcap. Which is crazy, but should imo be short lived.
This is supply value demand and nothing to do with LC.
I would agree the likelihood of a placing in the near future is unlikely but as I said before do I fear one yes I do. I also think the past performance of LC and his band of ……. will be causing fear in others. I have had many rants about the warrants, then they were changed in September from 0.8p to 0.4p. We all know what the assets are and the potential of Kibo. I would also agree that the 0.40p warrant strike price of the 442m shares expiring 3rd May, may still be taken even with the current SP.
The current SP is anything from laughable to bizarre. The demise of the SP over the last few days just adds to it. Is there a distressed seller about? Is it just the warrant situation? I added over 3m shares the other day, and will go in again but at this moment in time have little idea what is going on behind the scenes. If there is a major shake tomorrow and we drop another 5% to 10% then that may be the moment. For the record the other day I could purchase 7m shares in one hit, it may have been more but that was the funds I had in my account. One thing I do agree with Jax about is if LC was removed and Kibo brought in a different calibre of person should we say, I believe the SP would rocket immediately. So that probably says where I believe the fault is and in part why the SP is at this ridiculous level. Do people trust him one little bit to secure shareholder value? GL all LTHs.
I hope they exercise 0.4p warrants now . So we don't wait 2 more weeks.
Being AIM, expect and be prepared for any scenario!
My own view is it’s the Warrants being washed out prior to the 3 May, don’t think just because the current SP is under the execution price of 0.40p (warrant strike price of those 442m shares that expire on 3 May) they won’t necessarily still be taken / executed. Who knows what myriad of complicated deals and financial structures are going on here with the share register, this company has previous, lest we forget…
I agree with Eyeguy on this, these warrant where repriced in September last year from 0.8p to 0.4p, I fully expect this was done on the understanding with whoever owns them (we can all guess who that is) that they will be taken and I don’t expect there to be a placing to undercut whatever deal is in place.
JD
Look at UKOG with 13B shares, SP now recovering and rising. Kibo is a small potato with good assets portfolio.
Doubt it. The small number of warrrants at 0.25 provides £600k. Some have been struck already.
The 0.4p ones- likely a lot have been struck. We will find out next week as they are presold and converted later. Some of the 0.4p warrants will be cancelled in 2 weeks if not converted. But there is still another 400 million warrants at 0.4 with a longer exercise period which will bring in over £1.5 million.
I don’t see a placing this year based on that.
If anyone thinks LC is going to do a placing when he has £4 million of unexercised warrants with some above the strike price then imo it is nonsense.
yes P1'' you are absolutely right I saw that chart from ZAK myself
he did say 0.80p by May if SP stay above 0.30p
and yes he always get's it right unless the act of god
and the BOD go and do a placing and he is not to know that like the rest of us
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