The Bushveld Perspective

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Darwin 8p Warrants pre-sold ?

Yesterday a number of significant trades appeared after hours – there were 4x 500K trades spread throughout the day, all at a very similar price, and all reported late.

This caused me to speculate on the LSE board:

After hours 500K 
trades, x4 - all very similarly priced and taken through the day. Leading contender for this surely has to be Darwin's 3M warrants at 8p. The 8p delta hedge game is over for them now - with another clear 1p of profit in the bag they could make an easy 30K pounds by cashing in their 3M warrants at 8p.

Today we see more delayed trades appearing from the 6th June, 600K also at the same price, and timed after the last of the trades reported yesterday.

Another of the delayed trades reported today is the 400K trade today at 13:38, which, guess what, is also priced at exactly 9.00p.

Can it really just be coincidental that these, almost identical, trades add up to precisely the 3 million that were granted as warrants to Darwin at 8p ? – or have these shares actually been forward sold into the market yesterday and today ?

We might expect to see a warrants RNS in the next few days…

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

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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.

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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