Member Info for Blanka

Should read ‘par’ for the course!

AD12, not a placing just excercise of warrants granted to shares from placing a over the years. Unfortunately all this is or for the course of junior exploration companies.

Hopefully 2 great deals In the pipeline on our assets will quickly absorb future warrants.

Somewhat for my own interest I've just gone through the outstanding warrants as stated in the last annual accounts and added on what else has been issued and those that have been exercised since.
I make it just over 345 million warrants are still outstanding (after today's RNS) at various strike prices. If all of these were to be exercised (bear in mind some are at strike prices higher than the current SP) it would raise approx £6.5m for the company. Albeit at significant dilution to shareholders.
One positive is that with the recent warrant exercises I make cash to be around the £1.7m mark which should cover an extensive drilling programme at one of our licences (thats the £1.3m rns'd on 16 July plus warrants since).

BTW wish they would sort our closing SP and place on the risers board out.
LSE Admin?

Absolutely PR and even if others are currently developing something, never underestimate first mover advantage. Apple Ipod anyone?
At the current market cap the Tech and IP here must be a target for bigger Medical device/Medical Tech companies, particularly with how the current Pandemic is such a big disruptor.

I suppose there are also other ways to raise capital... could be in the form of loan finance or cash loan from TILS. That could avoid further dilution depending on how much start up cap is actually required.
If it has to be equity finance they could always offer current TILS holders (who will receive the 'free' shares) the opportunity to take part in any capital raise to mitigate their dilution. Not ideal I know but an option.

And this one is big - main market listing

I think you are right Rooky. That added to a late afternoon RNS. Heck FDBK isn't even showing on LSE's top risers board yet.
For a little minnow like FDBK this is company making news. Also explains why they were able to almost double the number of shares for only a small discount to SP a few weeks ago.

Wakey wakey market!

Indeed and if I understood him correctly that was after the separation of STEM (which he reiterated analyst/broker had put a minimum value of $280m on!).
Very much sit on those hands time here, happy days.

A substantial rise on no new news. Is it the price of Gold nearing $2,000. Talk of imminent deals or just a general re-rating based on the realisation that this company have some highly prospective ground in one of the safest, mining friendly countries in the world?
Probably a combination of all the above!
Whatever I am ecstatic to be finally back in (paper) profit after 8 years holding ECR.

A shocking spread when they'll only offer me 165p for mine!

It may do I guess but typically AIM placings like this are forward sold.

Really pleased that the SP does not seem to have been unduly affected by the placing yesterday. Hoping this is an indication of strength of interest here (rather than the usual MM AIM games - sorry burnt one too many times!).
Hoping the first of the deals news comes in the next week or two.

Funnily enough I was looking at Windidda RNS's today as i'd remembered there was another asset in WA that hadn't been mentioned. There hasn't been news on it since last year and it's very early stage (so consequently probably little or no value in current SP).
I hadn't realised the GGP link which is interesting. The prospect is also in the same region as their Ernest Giles prospect... which at one stage our old friends Newmont were looking at

Although i'm sure there will be some buy on rumour sell on news here. 2 bits of big news are expected on the future of the Bailliestone Licence and the Creswick licence. Bailliestone is expected first.
Newmont (among unnamed others) have been talked about in relation to the Creswick licence.
Hence the rise. One only needs to look at what deals with majors has done to other junior explorers to understand the interest here...
... plus there's the macro economic drivers too.

Although yes I agree with TalkingSense that TA is probably not the way to go with this one.

Baraba check Trendfriend's post from yesterday.

At this rate it's going to finish at the day and 52 week high. Great end to the week. Hope the momentum continues next week.
Looking out for Bailieston news first, will be interesting to see what's offered and how it's structured.

If that is resistance it's gone for now. 1.56p to sell.