RE: Warrants....2 Oct 2018 12:53
areyousure I don't think that's a question that can really be answered.
As you know Rufus Short said at the AGM that they are very pleased (and indicated that he thinks we should also be) with their progress, and what has been achieved in a relatively short amount of time and on relatively little money, (£10m as I remember) and although it's plain to see the SP is on its knees I have to agree with him!.
I also agree with what you say about the RNS's. Rufus and the Board will make an absolute fortune (and be able to move on) once their Options are realised, 'An Absolute Fortune' So I don't believe they are unnecessary dragging it out, why would you when you can be very rich and out of Tanzania?...
Bearing in mind what they have achieved, and remembering that this was the company that was suggested by some that was going nowhere, that would never find coal, that would never get a mining licence, that would never mine coal, that would never ever make any money........All proven wrong!
It imho is in the interest of RS and the Board initially to get the SP post 0.9 and then even higher.
If I was able to remove my investment intact today I would, but seeing as that's not possible I will have to wait for the company to reach (at a minimum) the realisation of their Options which are close to my average...
In the meantime life goes on!