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Yep, decimal place in the wrong place!
They must have expired as we would have had a warrant conversion RNS if exercised.
Excellent summary rose , its very compelling at this price. It may, I stress may, not be a dead letter though.
In addition to being a cracking entry price, there maybe a short term market catalyst - the 4.5m sells that dropped us to here. If they were pure sells, there's no catalyst but if they were forward sold and delivery was to be by warrant exercised shares issued, then its fun. We know the warrants expired so either way Peterhouse fooked up and lost an opportunity profit of 400k - no Christmas party this year. Comes down to coincidence - 4.5m sells day before expiry of 4.5m warrants.
Here's the rub, if warrant related they will 100% have been sold T20 - to cover the time of sale to the issuance of shares - last day is Dec 22..
Could be a coincidence but this in itself makes the price doubly attractive and someone in Peterhouse is worried.
No sympathy - v poor managing of the business with at best losing out on £400k and at worse...........lets see. Exciting next week either way!!
He hasn't got an entitlement - that's Jardee.
Well if the new Chairman is a man of his word, he has until Jan 4 to buy in to get on the 1:4 offer and 5p warrants.
#ensi poor placing - forward sold, warrants and small £ raised but bargain at 36.7 👈
Deal done - normally I'd agree - 1.5p but integrity has gone so they may take advantage of todays low vol drop. Hope I'm wrong
Agree - and pointless as ASX holders can sell here. All too convienent that a mere 10m in 3 sells last Thursday caused a 50% drop - now 70%.
I won't mention forward selling for legal reasons but very very unimpressed .
Even with over 1m sells today, if you want £25k worth its 1.74.
Unfortunately small cap stocks are vulnerable to big trades - not massive but big in relation to av vols. CGO. 2.5m drop 23%. Friday. Last week LEX 5m dropped it 32%. MMS won’t give you a good price if you sell into limited liquidity. Here worse as coincided with RNS so spooked all the holders buying into the good scoping study. This a risk factor on all small caps- nothing you can do about it apart from keep some powder dry and benefit from the rebound after the shock. Peeps sell for loads of reasons, many unrelated to the company. PS AAL dropped 18% yesterday?
Https://www.theaustralian.com.au/business/stockhead/future-metals-lowcost-panton-project-to-generate-robust-margins-in-all-phases-of-pgm-price-cycle/news-story/893a3f046971a2c72921f7347bddeae4
Are they ramping?
Grow up, no one knows why someone wants to sell big
Traa - suggest you read the scoping study which shows your nonsense up
Just shows how poor raising is - a mere £1m and they had to give an effective 30% discount [from news] for a top quality and proven opportunity.
Not much of a broker if that's the best of their persuasive / selling powers. Added on the bell but would have liked more than £1m -
At this price you taking a view of only one thing. Management . The tech is ground breaking and essential; it will proceed. To say otherwise is crass . Once up and running, the model is excellent. The journey from a to b is the determinator .