Relist price31 Dec 2021 09:14
I am hugely disappointed but not surprised at the relist price. In a way it is easy for the market to initially assess the Mcap as the company value has been agreed between the CEO, the board and the Instis when establishing the placing price. That usually is the anchor that sets the price. It is very rare to see any significant premium in the short term. AK was in a poor position with the instis as their initial investments had been put to sleep for 5 years plus so he was hardly in a position to demand a premium. AK works very hard and I have no problem with him buying the shares at the low price but I bloody well hate warrants it is always a drag on the SP. I am also disappointed that there is no news on Niger or refinancing existing debt.