they have released news so I think the lack of coms accusation is a little unfair. The whole of small caps are feeling the wider market sentiment although an update on the plants would be very welcome.
Alde the warrants exist. They have since the ipo. Warrants getting exercised is great. It’s a massive expression of confidence by those investors, allows The company to accelerate its plans and reduces the open warrants pool that you see as a drag on the sp. What’s not to like here?
Based on expected revenues from the recycling alone this should have a £100m mcap any day of the week. I’d be expecting an uptick once confirmation of plant 1 being fully commissioned and is processing materials. When plant 2 comes on an they can start on the highly lucrative lithium batteries that will be a huge boost in revenues.
Warrants have been around since the ipo and are a known quantity. They can be used to accelerate the growth program of the company which in turn accelerated revenue. An exercise of warrants is an expression of confidence in the company by existing shareholders. Very different from a placing to raise additional funds where a dilution could happen that no one was expecting.
This will be much higher than 4p by the end of the month let alone the year. Expect a jump when the first plan is online and the first material received.