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Must be very close to last of the options to be converted
10p buys and 9p sells
900k options aquired!!!
Agreed a watched pot never boils!
Up 15% in two days is fine by me
If PAT can break out through 9.7p it's broken out
https://uk.marketscreener.com/quote/stock/PANTHERA-RESOURCES-PLC-39103955/
Nope can't buy anything
Nice rise to start the day
Even with couple of options a very very good sign!
I feel a big daily rise very close
Thx Geng
Those blacked out trades which I think are options not helping
So geng
You stated your views on the gap what are your views in 1 month 3 months and 12 months where do you see the upside?
Pull in the legal power!
Even the likes of Putin bow to that!
Geng
I respect your charts and they are powerful important tools but imo rarely apply to AIM stocks
News has far more influence than charts
Options!!!!
Ok so where does that money go??
Those 11.8 million options at 6.7p raises nearly £1 million for PAT
29 March 2023
Panthera Resources Plc
("Panthera" or "the Company")
Equity Financing
Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce that it has arranged an equity capital fundraise with new and existing investors for approximately £1,005,150 (before expenses) by way of a placing and subscription (the "Placing" and the "Subscription" respectively) (together the "Equity Financing") of a total of 23,650,590 ordinary shares of 1 pence each in the Company (the "New Ordinary Shares") at a price of 4.25 pence per new Ordinary Share (the "Placing Price"). Novum Securities Limited ("Novum") are acting as brokers in connection with the Placing (the "Broker").
Details of the Equity Financing
The Equity Financing comprises a placing of 4,235,294 New Ordinary Shares (the "Placing Shares") and a subscription of 19,415,296 New Ordinary Shares (the "Subscription Shares") at the Placing Price. The Equity Financing has been conducted as a private placement and subscription under the Company's existing allotment and pre-emption disapplication authorities and participation has not been made available to members of the public. The Equity Financing is conditional, inter alia, on admission of the New Ordinary Shares to trading on AIM ("Admission") becoming effective.
By buying/converting those options shows several things
1. It's $ incoming to PAT it's a cash windfall
2. It shows belief none takes up their option rights UNLESS THEY EXPECT THIS TO GO HIGHER
3. There is a chance they're taking up the option and selling them straight back but I don't see this SO MORE LIKELY there was limited liquidity they're taking the options to then be able to create a market
It's a VERY GOOD HEALTHY SIGN IMO
1.5 million options converted today alone it looks lije
They're options trades from March placement imo
Think there were 11,825295 options with the placing back in March at 6.68p
So there's a 40% profit or so in it for whoever took up the placing
Almost certainly that's what these trades are nearly 2 million executed in the last few days as I see it