RE: Positive13 Jan 2021 11:43
Well like most, I take this as a positive. By writing to warrant holders to exercise their options as of being over 2.25p for 10 consecutive days. Ie accelerated exercise under the acceleration clause. Hence the number of warrants being exercised over these last few trading days.
For the avoidance of doubt Power metals IS NOT at this time proposing to utilize the above acceleration clause.
So hopefully should see a drop in warrants being exercised for the time being.
POW have more than enough £££ in the bank to cover all existing programs and then some.
Unless I am reading it wrong of course.