info only25 Oct 2022 22:55
Yes warrants need to be above 25.5p i believe last date 7th December if and big if exercised the company will get around 2m cash which is a big deal. other wise they will lapse. i personally think that brad is gunna give us a big very big update on the following which will boost the share price but will it be enough to get the share price to above warrant price is anyones guess. Theres lots of people who think it wont happen but if anything Im hopefully this is not to say it will happen as the shareprice need to rise around 150% from here to do it, which is asking a very lot to do. However we have had months of no news while price has fallen and the directors have filled their boots with cheap share options.
EG last update on Argentina and Brazil 28th Fed and 28th June just no news in 9 months and 4 months.
Then there Pepas and Pupino licenses drill rigs no news but they were granted and rigs put in place and drilling without even a sniff to shareholders. Many a company put rns out for slightest thing. In last interview 6th September brad said permits licenses a rubber stamp formality and should be done in a month or 2 so next 2 weeks they should be complete. hes also said have been working around this time on southern sites where we have had crews of people Geologists who have been working there since January this year doing what we know they have rock samples etc of 8gt and above but thats all.
So Im expecting good news coming on many fronts as follows,
1) Permit news and drilling plan of attack hopefully next month to clear warrants
2) Driling from Pepas and Pupino
3) JV phase 2 agreement and confirmation of when 2m cash payment will be made however we think payment could be early Jan.
The only thing I can say is Im hopeful theres been times when share price has gone up more than 100% in a day other times its gone up 950% in 3 weeks when Agnico came on board from 5p to 45p but that was 2 years ago or more but Im not ruling anything out. whether its a pipe dream or not it could happen theres lots going off in back ground that brad does not tell us.
For sure though come mid July 2023 we should be drilling on four sites 2 in North 2 in South and news should be better from all parts of the company. If brad fails he will have to raise money within 12 to 18months and it could be at alot lower price so more shares to fund other projects unless he can get some institutions on board and we just dont know what he will offer them and at what price.
Seingred and Sotolo has said no chance for the warrants to be exercised i say never say never until you crossed the finishing line and see what brad can pull out of the hat. Hes got lots to tell us and its in his interest to try his best.
DYOR
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