Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://endpts.com/amgen-stops-two-phiib-lupus-trials-for-futility/
Dallo,
With an average of 16p , I would be very worried about dilution but that’s my opinion.. where the Sp goes to in the short term is not what would worry me , it’s where it’s going in the LT and that’s where the number of shares in circulation comes in
But everyone to their own as per usual
Scored againsteps,
The U turn was necessary and things seem to be going in the right direction for a change :)
However as usual one has to be aware of the pot holes with IMM and be reactive …
P.s. keep your eyes on the warrants and not on the sky :-)
Extract from the last fund raising RNS ….
There remain outstanding 25,640,254 Options in the Company, held equally by L1 and Lind, which may be exercised at any time up to 10 June 2023, with an exercise price of 11 pence.
However, as the price at which shares are to be issued in the current fundraising is less than 11 pence, (the exercise price of the Options) the number of Options and the exercise price of Options held by L1 and Lind fall to be varied. The effect of the current fundraising is to amend the exercise price from 11 pence to 5 pence and to increase the number of Options held by L1 and Lind from 25,640,254 to 56,408,558.
** the landstead warrants have a 10 year expiry timescale **