on target30 Nov 2017 10:20
At least be honest
"The First Warrant is over 300,000,000 Ordinary Shares and is exercisable at a price of 0.1p per share (being the nominal value of the Ordinary Shares) in the event that 3 out of the 5 exploration licences adjacent to the Nkamouna and Mada Cobalt-Nickel Project have been granted. The First Warrants may be exercised at any time until the third anniversary of the date on which the 5th Cameroon Licence has been granted. At the closing mid-market price of the Company's shares on 29 November 2017 (of 0.59p) the Warrants have an "in the money" value of �1.47 million.
The Second Warrant is over a further 250,000,000 shares and is exercisable at a price of 0.65p per share in the event that all 5 exploration licences adjacent to the Nkamouna and Mada Cobalt-Nickel Project have been granted. These Warrants may be exercised at any time once all 5 of the Cameroon Licences have been granted until the third anniversary of the date on which the 5th Cameroon Licence has been granted."