Member Info for JohnHenry

You can currently purchase at MID, RSP indicates there is a shed load of shares available.
Where this supply has come from ? i leave you to ponder.

No shenanigans WINs have a supply of stock, maybe a few million forward selling from the 9p placing.

Has a few flippers from the placing.

3% dilution and great new operationally

£8 million so if the MODE isn't going to the wall then the company is probably decent value around these levels.

Under the hold CEO company appeared to have lost direction , hopefully the new CEO will be more focused and deliver.

shandypants i suggest you listen to the vox interview as to why they were required to raise funds now and then delete your post.

Agree but the wording “may even eliminate the need” means that there is still a possibility of significant dilution.

That’s a red flag to this crazy market.

Excellent update However the market will probably focus on this paragraph
The recent increased perception of the value of gas assets close to the European gas network has created additional financing opportunities for drilling and development that potentially reduce in the medium term or may even eliminate in the short term the requirement for significant shareholder dilution.

The warrants don’t have to be in the money to be exercised. It’s the LT price outlook.
Any how you try buying 20 million shares open market and see how much you will eventually pay.

Appears a few on hear do it understand stock warrants
A stock warrant gives holders the option to buy company stock at a fixed price, the exercise price, until the expiration date and receive newly issued stock from the company. A stock warrant is similar to its better-known cousin, the stock option. For starters, recall that a stock option is a contract between two parties and gives the stockholder the right to buy or sell stocks at a certain price and on a certain date. When you buy a warrant, you are not locked in. You still have the right to freely decide to go forward with the purchase in the future.

Similarly, a stock warrant holder also has the right, to buy a specific number of shares of stock that will be created in the future, upon exercising the warrant, called “underlying” stock. That transaction is called “exercising” the option, and it must take place before a specific date and at a predetermined price

They will use the warrants to raise £4m. Cheaper option. Why go for a placing which would cost £300-400k in fees.

You do understand that if you exercise a warrant you do not have to sell your newly issued stock.

Price action hopefully back testing a resistive around 55-56p before moving higher.
A failure to hold as support would indicate a retest of the recent lows.

Dryland may I suggest you note the new programme and compare to the old programme. Maybe also note the recent drilling on the Western extension that wasn’t in the drilling programme.
Extra cash will be needed imho hopefully coming from the warrants

Piscator1 what assay data wasnt used ????
The Mineral Resources for the BAM Gold Project were estimated by Cube based on drill hole and assay data available up to 5(th) January 2022.

I think the market was expecting higher than 1.5 with the new western extension.
News on possible LOT s was possibly hoped for by some investors.
Only difference today is the company has become even more undervalued.

Problem with small caps at the moment is that the market is full of clueless punting clowns.. Take for example today sell of 25,560 @ 28.3p that was bought on Friday 15:27 for 29.64p.
Another trade 74,470 on Friday was held for a few hrs, these amongst many in LND and 1000s across the market

Two 50ks earlier doors, relentless.

BID / Offer looking strong towards close

seller still active.