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I was expecting a warrant exercise rns, but I suppose they are still in a closed period until they receive the 1st tranch of the grant.Hopefully we get update on upgrading to spg status of the concentrate soon as well.
Yes, it is company-sponsored, but it is factual information and a reasoned-out conclusion. If someone wants to point out any inaccuracies or arrive at different conclusions then they are welcome to do so.
Thanks Cleverthoughts-The figures I've ascertained from the company website are:
Warrants (4p,6p and 8p) 78,966,966.
options 6p 21m
fully diluted we should have 309, 346,916 shares- I am assuming with the pending take-up of 3.5m 4p warrants we should only have 6p and 8p warrants and options- it would be interesting to find out what proportion the 6p and 8p warrants remaining to be exercised?
Cleverthoughts - Agree Offtake and financing are bound into DFS, there are warrants at 6p and 8p available also, management does not want dilution and would be a last resort, project level debt financing is the route that is emphasised.
Does any one have a handle on how many warrants remain to execised and what price/coditions?
Musicman- I know nothing about charting, but going on fundamentals this is one of those opportunities that is very rare- good management, excellent resource in demand, superpower strategic interest confirmed. wish had some more cash.
I cannot see hanging around these pennies for long- if anything someone somewhere is eyeing this big time.
6p&8p warrants once get taken up whoosh.
Next rns should be a warrant exercise by BOD, at 4p, a relatively small amount in comparison the way should be clear above 6p and beyond. I suspect some shrewd institution is building a stake here, will have to see after hour trades in the next few weeks to get a picture.