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Honestly don't see what the fuss is about.
If if was 200m shares I'd be asking why so cheap.
Roll on Xmas.
spot7 > Please excuse my ignorance but if they (directors) are issued warrants they still have to pay for the shares.
Yes. Each warrant gives them the right to buy a share for 1.3p any time in the next four years.
Idea being it's worth zero if the share price stays below 1.3p. If the price goes above 1.3p, you'd expect them to exercise the warrants to buy shares at 1.3p (and then infer what you like based on how quickly they sell them)
hoopyhoop >The total price of the 20m warrants at 1.3p is a mere £26k
I reckon you've dropped a decimal place there - unless you're doing some calc and reckon the value of a OTM option at 1.3p is 10% of the strike - I think there's some options on ASX, one might be able to actually see the market value of such an option.
Bridgedogg1 - I posted regarding Uranium permits during the meeting but you beat me to it with your early posting and hence I deleted mine! Great questions btw :)
The total price of the 20m warrants at 1.3p is a mere £26k so no big giveaway or future swelling of the company coffers either way.I agree though,I'd rather see RNSs saying the directors are being paid a large part of their salaries in shares rather than cash to demonstrate a real vote of confidence by them
HH
I was a bit unimpressed with the director's shareholding, so see it as a positive that they are 'invested' in getting the share price up. That the exercise is only just above a 30-month high... yeah, understandable you will feel underwhelmed.
Anyone got a summary of what directors existing warrants' exercise levels are? I guess if I looked at an RNS from around this time last year I'd find it in there.
Please excuse my ignorance but if they (directors) are issued warrants they still have to pay for the shares. The warrant merely gives the the right to buy shares at that price so ideally the sp goes beyong the strike price to make it more of an incentive to them or have I got that completely wrong? Glad to be corrected etc.
I sold
Out last year at 1.27 and it had defo gone above that on the day !!
Not when you compare it to the size of their respective physical shares held. Perhaps I am being critical but a 4 year exercise period to get to a price we nearly touched last year ? I will mark it as ‘underwhelming’ hence part of the reason for the share price dip.
My only thought on that RNS is....Just get the results shareholders deserve
>Plus that is one large amount of warrants
"The proposed warrants have an exercise price of 1.3 pence and may be exercised at any time from the issue date through to 4 years following the issue date."
With an exercise price of 1.3p though, seems very reasonable?
So a capital raise but unsure how much to pay for part of Alford East project. Plus that is one large amount of warrants to be awarded to the directors!
It was just me that submitted questions prior to the meeting then? ;-)
"Alternate link to presentation ..."
Thankyou kind sir.
Alternate link to presentation (tested & it worksforme): https://s3.amazonaws.com/bigmarker-extension/6542053efa5e-94886c22f1e8abecc46a791754847959/6542053efa5e-94886c22f1e8abecc46a791754847959.mp4
And I keep pegging - https://twitter.com/ken_kfwatson/status/1447557197903261703
"Replay at https://presentations.investormeetcompany.com/investor-meet-company/THOR-MINING-PLC-Final-Results"
No permission error.
Replay at https://presentations.investormeetcompany.com/investor-meet-company/THOR-MINING-PLC-Final-Results
I joined it late, so not sure if I missed any news.
Molyhil has some more potential than I had realised - but I think that's surely all in the existing releases & I just hadn't 'digested' it previously.
There was a status update on the Wedding Bell permits... which was to expect a status update from the company about those in a couple of weeks. It's just a longer process than expected, but nothing is going wrong with the permit process. Giving dates was avoided, perhaps the update in two weeks will be to provide dates.
A good investor webinar from Nicole. Lots of news events to come in the next few months it seems. Wish I had more funds to top up.
Good stuff. Let's see what we get!
drilling commences.....Ragged Range here we come along with other projects..... still sub 1p...crazy
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"After a series of successful and systematic stream and soil programs it is exciting to be commencing our maiden RC drilling program at the Sterling Prospect, Ragged Range.
These are robust geochemical targets in the central portion of the Sterling Prospect, within the highly prospective 13km structurally controlled gold anomalous corridor, defined by Thor associated with the mafic -ultramafic contact within the Kelly Greenstone Belt. With the program anticipated to take 4 to 6 weeks, drill results are expected from early November 2021."
> DLC up 20% on the update.
Reuters description of DLC: About Delecta Ltd
Delecta Limited is an Australia-based company engaged in wholesale distribution of adult products and mining exploration and evaluation.
wut?
and
Can we expect Thor to get and stay above 1p without a business unit that can ship uranium-powered glow-in-the-dark dildos?
Hi, snooz
"Energise" was a misprint for "enervate."
Best wishes