RE: It wants to pop!29 Jun 2021 15:58
I’m not so sure lucky that anything is that underhand.
I can’t see any shorts listed for ECR but there may be cfd’s.
He did say about Shen selling, we got a holdings RNS for that. They had 83034586 warrants 55356391 at 2p we’re converted but they still have 27678195 at 5p that expire 16-jun-22.
He did say Novum were going to get some insti’s but so far they haven’t. It looks like the placing went to HNW as no thresholds are broken; the 2.2p raise came with 3.75 warrants.
I think the SP is where it is because of our own making rather than any Machiavellian behaviours. The raise was seen as unnecessary (at that time), but it may serve us well if the macro changes or we get a JV..
The subsequent dilution wasn’t offset with grades, the last results weren’t brilliant and they were released piecemeal. No licence news and no JV. The market has punished us because of inertia rather than shorting.
That imo is the reason but all these things are addressable. The PR is improving and if that can be backed up by grades soon all well and good.
Bring on the licenses and the JV and we will be glad of the cash!
Once we hopefully get through 2.2 and towards 4 the chance is we will hit selling as some of those with warrants may sell shares to finance them. I hope he doesn’t hit the accelerator as we won’t need cash and a gradual conversion is more appropriate for us.
Anyways that will only come into play if they improve on the results. No gain without pain! Those buying now have hit a sweet spot imo, likewise for those that can average down.
I have enough in here and tbh averaged down a little impatiently before. I should have known better rather than just lean on the interviews. But like I said. Get the grades, all is forgiven and we’ll be on our way back to 4p in a blink!
Usual caveats
Trek
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