a shining light?12 Feb 2019 14:20
I thought that this might have been value at around a penny buy my limit order was not filled when the Q2 2018 Production Update was released.
The placing has an additional sting in it's tail but, may offer a trading opportunity if this keeps dropping. There are nearly 200 million warrants for the latest placing purchasers, exercisable at 0.4p. There must be a ramp coming to clear the placing shares and, if they are lucky, the warrants.
Note - I do not know if other warrants exist, what the prices might be or when they would expire if they do exist.
My crystal ball still says buy at under a quarter of a penny for proper ramp opportunity [but need to research the warrants...].
The deramper's will bring on phrases like 'load shedding' 'economic freedom fighters' 'missing black economic empowerment partners' etc but nobody can ignore the fact that this is a quality deposit/anomaly.
Good luck with your decisions over the next few weeks.