It could be that the bond holders are selling their 16.75p stock knowing they can get almost as many shares again from the conversion payment share option (if exercised) if converted at the lower current price. There may be some logic in doing that from their perspective although it’s not without risk to them.
LLP. Thanks for the summary. Do you know what the $1.6m owed to the bond holders refers to? Mentioned in the last management report I think. Would be good to get thoughts on this. From reading on Sedar I worry that it’s additional money owed to the bond holders following the $2.4m conversions but it could be meaning something else. Thanks
I’m still waiting to hear about the 4m shares @ 10p that were supposed to be allocated to the seller in H2 last year as a part of one of the gold purchases but which haven’t appeared in the share total yet. More clarity/news around the gold projects would be good.