focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Broker got the fee (6% of transaction, £30k) and 10% warrants to exercise by Feb'29. New shares are sold to private buyers (which I doubt, it maybe just an insti) at the discounted price, which they can trade in the secondary market just like any other shares. They're not restricted in anyway, except that they can't be converted from AIM to TSXv.
I'm sure £10k buyer won't admit it....should it get pear shaped in coming weeks.
Cost averaging is risky but only way to get out of here...
So well done whoever has done it, I've been working on the same strategy for long....the same strategy also helped me to make a few bucks at GGP.
Agree, a sensible BoD is worth millions...and could go long distance.
Not here.
In contrast I won't be surprised to see another placement at 1.80p next...while our poor can continue to burn cash at our expense.
They sold 9% for mere £500k....I bet they can flog Omi for £3-4 mil.
John- now that the salary pot is refilled for this year, and £700k may come through warrants at 4.43p...
It's in interest of BoD to keep SP low to attract any partners who're willing to buy goody bag!
April- May onwards shall see some action of drilling Imv
once we get the Anza back to go solo...or with the help of some wonga partner!
Thanks Seingred, I did added worth £25...from 2.50 to 3.65p....and even at 4.02p....as I didn't anticipated a sneaky placement...and I may add more at 1p.
I'm glad some of you knows more than my account 😁
Karl- that's reasonable response no one can question....but don't target an individuals/ or group when you're not in position to debate it rationally or otherwise...and in particular to defend the BoD you can't see them in negative light.
MMs can play their games they're entitled for.
Its your money, your gamble...and no one else's.
THANK YOU!
In that "rational" maybe buying under 17p of the previous placement must be supremely good for YOU as per your intelligent logic? :)
There has been number of PDAC before they've wasted our money or to pretend/ trick us in the past, and they know their track record beats all other COWBOYS in the CURRENT market out there to go out to fish some Wonga investors at our expense!!
Great thinking Karl, keep them coming.