Why would any major holder sell here, when they know the13 Aug 2020 18:24
value of new investment is 17.5p? well?
I have seen shares run 3/4 times placing - following succesful funding. Which is hard to come these days, unless the project is major deal for the lenders and shareholders.
Warrant holders can excercise at much higher prices, after all they want devi payments and will buy and hold on to as much as possible.
Value is value, so why would you sell sell at 70% discount. does nto make sense, unless you want to chair and give away free shares.
I think we see higher prices very soon, as very oversold now. Read the reports. Price target was 12p by Lib, and they are stickig with this, and will move hgher as soon as production money rolls in and/or farmout is announced.
very good management team to. nothing to lose from here.