focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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Correction - for today's twitter video go to
https://twitter.com/GoldenMetalRes
Https://twitter.com/GoldenMetalRes/status/1749734442057245090?t=3G6zsCoX_bOE9ghGaeDKtQ&s=35
Have link?
Plus a great Video on twitter already
Todays RNS is great news for Garfield and the depths of 150m & 200m don't seem that deep at all - I think Pilot Mountain starts at 300m (?)
That this hasn't moved up back to the previous highs, given we're drilling now, and drilling in an area with a proven resource - as they say, the best place to make a discovery is next to another discovery.
Oil or mining shares are always marked up at the commencing of drilling yet preliminary findings whether good, poor or indifferent the share prices invariably fall. Surely commencing drilling is the easy bit but what follows is invariably fraught with many potential difficulties, especially in oil drilling. Perhaps it is just a case of 'its better to travel hopefully than arrive'
A system for
removing metals out of ground
Sorry, MF, but what is a /4 .3 system?
Playing a /4 .3 system
More feedback on ETM conference in DC recently, from John Feneck, about 21 mins in, backing up OF's observations.
https://www.youtube.com/watch?v=IHKMWJeqaKs
“…We have a tonne of intrinsic inherent value right now in our Pilot Mountain project…”
Full Article link :
https://total-market-solutions.com/2024/05/golden-metal-resources-plc-may-2024/
Interview only link :
https://youtu.be/pPmh6ZBnppM
Another article here on Tungsten use in fusion energy generation.
https://www.popularmechanics.com/science/green-tech/a60738829/fusion-reactor-tungsten-breakthrough/
There's been a lot of selling during this current consolidation, so maybe many have been flushed through already.
@LW - who knows is the honest answer. BUT that said I think most of the warrant holders, were pretty sticky large shareholders like POW, Madame Chang and a couple of other large shareholders that hold about 70% (?) of the shares so I think there is of course potential for sales, just as ordinary warrantless shareholders can sell into any rally, but I think that potential is limited by the share structure.
Drill bit turns from Saturday. All change next week.
Was looking at this closely, but slightly concerned whether these warrants going to create a sell into news scenario here? Will the results of a single hole be 'BIG' enough to absorb any such selling?
Thoughts welcome.
The volume of sells is not any where near enough to cover the cost of the warrants .
Looks likely sales are from PI's thinking more sells coming.
Just look back at daily volumes
The Company has therefore received notices to date for the exercise of a total of 14,431,633 warrants at an exercise price of 10.75p per ordinary share ("10.75p Warrants"), raising a total of £1,551,401 of new equity for the Company.
The exercise period for the 10.75p Warrants ends at midnight this Friday 10 May 2024, other than in respect of 991,277 10.75p Warrants held by parties that are deemed to be in possession of inside information (as defined in the UK Market Abuse Regulation), where under the terms of the 10.75p Warrant Instrument the exercise period shall be extended to 7 days after the date upon which it would no longer constitute a breach of the UK Market Abuse Regulation to exercise the 10.75p Warrant.
In addition, there are a further 18,420,222 warrants outstanding with an exercise price of 17p per Ordinary Share ("17p Warrants"). The exercise period of the 17p Warrants ends at midnight on 10 May 2025, unless the holder is deemed to be in possession of inside information (as defined by the UK Market Abuse Regulation).
Only 3m warrants left, plus the 1m inside.
According to Tray who has gone through it.
Excellent news indeed - 1.5m raised a
RNS more warrants exercised:
“ Warrant Exercise
The Company has received notices to exercise warrants over a total of 4,236,091 new ordinary shares of 1p each in the Company ("Warrant Shares") at an exercise price of 10.75p per Warrant Share, raising £455,380 for the Company.”
POW could have been in the last batch of 4 million warrants exercised. The shares from the exercise of those warrants are due to be admitted for trading tomorrow so that is probably the point at which the new shares are notified to the company if it changes a notifiable holding. It would be very surprising if POW don’t exercise in the money warrants.
I'm surprised we haven't had more RNS on warrant exercise - I think there is still a significant chunk available. Hopefully, at the last moment. I'm guessing that POW have not exercised yet (bizarre) as there hasn't been an RNS to update their % holding in the company, as we did for Madame Chang.
Important to remember Garfield is separate, all yesterday's update was still around PM.