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Might create a decent opportunity before the end of the month if the majority of SB/CFD positions have to be closed. SP has actually held up pretty well considering, but has been pretty volatile.
Yeah possibly DrR. I hope so. Certainly Louis' buy would seem that way, just If I was a warrant holder wouldn't be doing it below the exercise price.
Anyway onwards and upwards. Only about 11m in total left to exercise which should bring in about £2.5m cash. Should keep us going
Go back to the last AGM from 2020 and the exact same resolutions were passed, all it does is give them the right to allot the shares if required. But if they have cash and no requirement for funding then that won't happen.
Not a bad effort at all. Think figures are probably a bit skewed for both Rogue and Low6 but they should become apparent in next few days/weeks. Can't imagine RB being that liquid though so won't be an easy position to close, especially given GUN own almost a 3rd.
Not the most adventurous name is it? I'm lazy so used my work staff number!
OK I've just done a bit of totting up, a bit back of fag packet but here goes.
Warrants issued @ 1.3p - 62,717,950
Exercised - 26,852,529
Outstanding - 35,856,421 (so still over half to be exercised)
Issued at 2p - 56,500,000 (obviously not an issue at the min)
Rincon - 16.5% = £1.15m at current mcap
Empress - 1.4% = £288k at current mc (was more than double current sp at one point)
Eagle Mountain - 1.8% = £0.94m at current mc
Low6 - can't find a IPO valuation but £265,010 invested
Rogue Baron - seen in here £6m mcap at IPO so 28.48% would be £1.7m + £111,464 CLN
Cash - £1.42m taking into consideration warrants Exercised, placing and sales of holdings. Minus say £200k for working capital so £1.2m
Total £5.65m without a value for Low6 thats only taking what we paid for it, also not really knowing Rogues value but should know that in a couple days.
So if Low6 and Rincon take off could be onto a winner but at the minute at a small premium to NAV. More than.happy for people to chip in with different figures btw.
Has anyone tried to calculate the NAV here. Its difficult with a couple of companies that aren't yet listed.
Also anyone know how many warrants there are outstanding? Seems like warrant holders buying at 1.3p are flipping their shares for a quick gain. Not sure who else would be selling in the big chunks we're seeing.
Should we be getting full year results at the end of this month? That's what I'm waiting on here, we don't get any real financial detail in the contract announcements so it will be interesting to see how H2 stacked up against H1 and the outlook for this year!
Listened to the Vox Markets podcast the other day with John Meyer, he's a partner at SP Angel who are OMIs joint broker. At the end they asked if people want a particular company covered to ask. So I've asked if he could talk about our results next week. Think Wednesday is the day he's on, be interesting to hear the results analysed by a mining analyst.
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