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Bloody annoying what the f is taking so long..
I had to change my strategy as I was losing loads of money either not taking a paper profit when presented then sometimes selling at a loss or just getting my entry completely wrong. So now I wait for opportunities such as this and take a quick 10-20% sometimes less for a scalp I have had a lot more winners than losers this way. Intriguing though this one I have to say as mas are all lined up and possible golden cross if they can release some good news quickly after the funding
End of July they can elect to convert which I strongly believe won't happen. The finance talks have been ongoing for ages and are hinging on the extra drilling results we are waiting for.. All being well they will be very good and Vast can finally sign off and pay off the bond in full. Atlas still get 180k of shares for putting up the money that will potentially quadruple in value..
GLA Stav..
0.35 No huge rush GLA Stav
all the cash which would help with any funding gap + why I think the sudden heavy selling with the current liquidity so they can pocket the profit from both forward selling the placing and from selling the actual shares and have the cash to buy the warrants at 40p
Just my thoughts but... First placing on the 29th April at 17p NO WARRENTS..
Placing to raise GBP275,000
Braveheart Investment Group (AIM: BRH), is pleased to announce that Peterhouse Capital Limited, the Company's broker and agent for the Company, has placed 1,617,647 new ordinary shares of 2 pence each in the Company ("Placing Shares") at a price of 17 pence per share ("Placing Price") to raise GBP275,000,
Placing to raise 350000 on the 1st of May WITH WARRENTS AT 40P
Braveheart Investment Group (AIM: BRH), is pleased to announce that, further to the announcement on 29 April 2020 and following significant demand from investors in the last two days, Peterhouse Capital Limited, the Company's broker acting as agent for the Company, has, in an over-subscribed placing placed a further 1,590,909 new ordinary shares of 2 pence each in the Company ("Second Placing Shares") at a price of 22 pence per share ("Second Placing Price") to raise GBP350,000, before expenses (the "Second Placing"). Investors have also been offered the opportunity to be issued with warrants. Pursuant to this offer, a total of 1,590,909 unlisted and non-transferable warrants in the Company, exercisable at 40 pence ("Warrants") within eighteen months from Second Admission (as defined below) may be issued to the acquirers of the Second Placing Shares.
If you took part in the placing(Ings) you forward sell the shares to make money... After the test RNS that is the signal and provides the liquidity to ditch your current batch of shares at a profit to then PAY for your warrant shares at 40p.
Did Norris or any of the other major share holders take part in the placing of course they did. They know when the next RNS drops regarding being in receipt of the affinity macromolecule that will be the catalyst to propel the SP way past 40p for them to purchase the warrants and make the big money.. Norris made big money anyway in fairness
Could be wrong but would explain why multiple major shareholders could be selling out as they literally can't lose
GLA
Stav