Thanks Ferg ...I knew there is some rule against it otherwise KFL was ahead of TRA even ...now its confirmed that funds are not even considered
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Some are really investing a lot of money trying to keep SP down ...NAV hitting well over $ 1.395 at present but interested parties wont let it cross $ 1.24 ...Good on them :cool:
Just a hunch, but it wouldn't surprise me if someone mops up a large bunch of warrants on the Friday close, exercises them, and then lets the head shares start to run.
Hi team, I have some warrants. Just want to check details as I'm a bit of a newbie. So warrant trading finished today 24th. I can excise by this Friday 26th July, with excise price of $1.26. So would it be right in saying that the warrants will only have value (worth excising) if head share (currently $1.25) moves to $1.27 or above? Thanks in advance for any clarification.
U have two options mate ...exercise them via KFL @ $ 1.26 directly and save the broker charges or BUY on the market via a Broker for current SP $ 1.25 ...not much difference so no need think too much ...which ever suits better . U can also decide to let your warrants lapse that way u dont exercise them and dont have any head shares . BTW current NAV is over $ 1.40+ which will be revealed today afternoon !