RE: Pepas 24 Feb 2025 14:47
That all depends who the warrant holders are, they could be private equity companies who just flip them once there in profit regardless of the company, where it’s going, what is happening, a profits a profit.
At least it’s money into Orosurs exploration fund and will push the next raise further back back.
It’s worth noting the last raise had no warrants attached except Turner Popes 1.8m, good to see.
Exploration is going well, results are being pushed out at a pace, much faster than most others on the AIM market.
The board could gladly push these out at a much slower pace, steady the drilling down, protecting there salary for longer, they don’t need to do this as there sat on a top asset and want to see it proved up themselves.
5m volume here.
300k ish on TSX already, nearing 8p over there.