The Bushveld Perspective

Independent perspectives on Bushveld Minerals by private investors, for private investors.

As always - Do Your Own Research !

Newsletter

Keep informed of new articles - delivered straight to your inbox once a month.

Follow on Social Media

Warrants Outstanding

As of the 25th Nov 2017 there are a total of 29,101,365 share warrants currently outstanding.

The table below shows the warrant holders, and warrant blocks held, together with their expiration dates.

Warrants Remaining Quantity Price Period RNS Expiration
Darwin

4,000,000

3,000,000

10

8

3

5

29-May-15

25-Mar-14

28-May-18

30-Mar-19

Others 0 [Note 3] 5 5 01-Oct-13 01-Oct-18
Afritin Demerger 371,708
[Note 3]
5 5 17-Nov-17
YD+ Others Placing : Others

783,876

[Note 1]

2.4

2.4

2

2

03-Jun-16

25-Aug-16

03-Jun-18

25-Aug-18

Wogen

15,000,000

[Note 2]

7.0 3 20-Mar-17

20-Mar-20

Atlas Tranche 1 6,250,000 14.4 3 25-Sep-17

22-Sep-2020

[1 – it is not clear from the RNS’s which of the two issuing blocks have so far been consumed. The Yellow Dragon ‘YD’ component of the first block, some 25Million warrants, was exercised on the 13th April 2017.]

[2 – The Wogen warrants were first shown as being granted in practise in the RNS on the 8th June 2017, so possibly these had been conditional to Wogen before the final repayment of the Barak loan was made.]

[3 – The Afritin demerger evidently resulted in the 3,507,975 warrants previously being listed as ‘Others’ being revoked, to be replaced with 371,708 listed here as ‘Afritin Demerger’. The 17th November RNS which refers to the adjustment does not explicitly list the warrant price, or expiration date of the adjusting warrants.]

Cash raise from all these warrants being exercised would be GBP 2,620,097, of this GBP 1,320,097 worth of warrants are currently in the money – i.e. likely to be exercised in the short term.

 

The warrants have being consumed rapidly, and since the start of 2017 the share price does not appear to have been significantly held back by large numbers of warrants being supplied to the open market. The total amount raised from the sale of warrants in 2017 is GBP 1,987,426.

This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer

Share:
TwitterFacebookLinkedInPinterestGoogle+
 

Thank you for visiting the Bushveld Perspective, an archive of opinions from many private investors and commentators on the subject of Bushveld Minerals, which it is completely independent from.

The Bushveld Perspective holds no responsibility for your investment decisions and information written should not be relied upon in completing specific transactions. In particular the content does not constitute professional, financial or investment advice & must not be used as a basis for making investment decisions.

The content only conveys the personal opinions of our contributors. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000.

When investing, you must understand the inherent risks associated with share trading and that you could lose part or all of your original investment. If you are unsure about any investment or financial decision, you should seek expert independent advice.

Permission is required should you wish to reference data or information from this site. By viewing this site, you agree to this disclaimer.

This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer