Some thoughts29 Aug 2025 06:58
I notice that a number of posts suggest they are going to instantly issue 2,333,333,333 new shares, they are not these are warrants, the RNS suggests the investors are strategic and supportive implying they are not out for a quick buck, the warrants have a 5 year life, so if that is the case there will be no immediate dilution or a flood of selling by the warrant holders.
In respect of future funding the planned facility they propose is similar to what ZIOC took out in 2023, that did not adversely effect the share price, in fact their share price multi bagged via spikes twice within the arrangement.
I noticed that a couple of posters believe these new investors can add significant value to CYK, that is worth bearing in mind.
One thing, the whole deal has to be approved by the shareholders, last nights RNS said a 13% holder had recently exited, the buyer would have paid in a range of 1.3p to 2p, the buyer, combined with others, could block the proposal.
It will be interesting to see where they open the price this morning, one thing, existing shareholder have the final say, I believe the motion needs 75% support to be adopted, that may prove tough indeed.