Warrants19 Apr 2018 12:50
From the RNS, six months down the line we'll still be in commissioning mode so uptake of the 5p warrants before the deadline would still be an act of faith rather than seeing anything significantly material. So 5p seems a fair strike price.
PS is that RNS ambiguous? Does it mean commissioning has to be started by Sept 30th or finished, and if finished whats happening in the last three months?
'Following re-instatement, the Kabwe Licence includes new conditions on BMR including (i) plant construction commencing within three months of 3 April 2018; (ii) completing plant construction and commissioning by 30 September 2018; and (iii) commencing production by 30 December 2018.'