RE: QGP Deal - first payment of due this month17 Mar 2026 14:47
One example as you ask so nicely - The BoD have recently removed 7.5m warrants to prevent SH dilution, having diluted the share massively and repeatably in the past few years.
Before QGP entered, the company had ~247m shares in issue. QGP were then issued 243m shares in exchange for $279.5m, effectively acquiring around half of the company. That is the primary driver behind the significant increase toward ~500m shares . This context is completely omitted - TRIPE!
Calling 500m shares “highly unusual” is simply incorrect. Many mining and exploration companies on AIM run into the billions of shares over multi‑year development cycles. Suggesting that 500m is somehow extreme is TRIPE!
While 7.5m represents a small percentage of total shares, it is not inconsequential because: Liquidity is extremely low.A large proportion of shares sit with “sticky hands” like me :). Had the warrants been exercised, they would have been churned into the market, putting downward pressure on the share price.
In a low‑liquidity environment, 7.5m additional shares hitting the market matters — no question. So TRIPE AGAIN.
Also all of this fails to acknowledge the point I originally made - again TRIP SPIN - That they paid £100k to remove these warrants, had they no money or no revenue why and how would they pay this.