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If it exceeds offer
Cookiecrew.... do you know that the take up exceeds offer, or did you mean “If” take up exceeds offer? Vital for the SP that it does.
Suspect it also introduces more short term speculators who will sell around the 30p mark though, which will slow our progress even more. Feeling a bit glass half empty tonight. Didn’t see this coming tbh.
Take up exceeds offer ,watch this bounce
Marcus... last I looked on TSX it was down 8%
So what's the general feeling as to what the share price will open at tomorrow up or down? By how much?
Does this mean we won’t be needing the Franco Nevada bridge loan of $15 million
this placing was leaked... hence the sell off these last few days. I was definitely not expecting this equity raise so soon... explains the webinars. I bet he doesn't do any now for a while. This will open down... price action will dictate whether this is relief or not. There had better be director buys tomorrow
Agree, Quady.
It's an accelerated bookbuild, so surely they could have got one out after the webinar, when we were nudging 30p, for say 25 or 26?
I'd expect a high take-up, so yes, it'll be interesting to see how much does get raised.
II's will surely be interested, so there will be more placed, or dare I say it could get bidded higher??
Not sure how it works, tbh.
Copperpot ,nice one my friend !!:)
Tomorrow will be a "up" day. I expected the RNS at 7am this morning, I did say, just before 7am this morning....RNS day today? If you check my posting history I never predict RNS's. Onwards and upwards now ;-)
GLA.
Quady ,couple of months ,where does that take us too ?,end of October, who's freed up then ??
Everyone was expecting Director buys so I don't understand why this is a surprise to everyone ??
Just a different format rather than go on open market
Theiceberg ,totally agree ,filter him
I knew we had to raise some capital, didn't think it would be for a couple of months. I am curious as to why the price is so low. I am also not happy with the amount of shares being issued, as it states that it's the minimum to be issued, which means more likely. Just how much, non of us know. I think we will get more details in the coming weeks.
I suspect you're probably right. It'll fall tomorrow.
But a 25% fall?
Give over.
Snorer ,well done holding ,there's some pretty big institutions on that list that will for sure take up the offer ,plus other shareholders like myself will be taking up the offer imho ,over subscribed ??,you bet your bottom dollar it will be imho ,18p!!,there's some serious clowns on here spouting absolute rubbish imho ,ignore them or better still filter them so they can talk to themselves my friend ,your rewards will come imho
Other raises via PB would suggest this won't fall to 18p. The money should add value going forward and the fact they are raising at this level shows support.
You really are an absolutely nasty piece of work... There is only one way this is going first thing and that is up....
Why do you feel this is going to 18 ? if it does then i'm only getting extras for the inevitable payday
Like most I don't mind this tbh.
Regional activity is essential. Drill results are essential which is why the Blanca drilling was so frustrating.
Dilution is minimal a few percent.
For retail there is no point taking part if the sp drops so we win each way.
I don't really care what happens as long as we drill the regionals
Sorry, poor answer.
Google "Primarybid".
It's a place where you'll be able to buy some.
Ah, thank you.
It means you can buy some! :-)
Primary bid for £7m? What does that mean, please?
"The Company’s systematic exploration programme has already identified extensive mineralisation at 13 priority projects, three of which have already received permits to drill, expected to commence in the coming weeks"
:)
TS