RE: RE: SP12 Apr 2021 23:29
A bit of info about warrant churn.
Unlike a placing overhang, the share price likely won’t retrace to the warrant price- look as ORR as an example which hit 1.8p recently deposit 0.68p warrants.
Depends on supply vs demand - the share price is the equilibrium between these.
With KIBO taking on £13 mill of MAST shares in less than 2 days, a warrant holder will likely wait and see how this goes before I flipping. Or even keeping hold of the shares. And if MAST goes crazy then multi bagger coming imo. The value of kibo should be directly related to mast but kibo has plenty of good projects too.