Harvest Minerals Share Discussion Threads

[andy] 03/2/2017 18:58

kryptonsnake3 Feb '17 - 18:04 - 2075 of 2077 0 0
Andy, you can liken it to a placing if you want, but it's an exercise of warrants not a placing.

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I fully understand that but the end result is the same, is it not?

Whatever you call it, the company have diluted shareholders by approximately 10%, at 8.8p, and banked £970,000.

You can use semantic, but dilution has occurred, and at a discount to the current market price.

[cottoner] 03/2/2017 18:47

A slight difference between the largest shareholder of a company exercising warrants and a death spiral company such as Darwin exercising a placing or three at repeatedly lowered prices. :-)

[armflick] 03/2/2017 18:07

Andy,

Your trying to make this sound like a placing when it isn't! And no, it isn't the same or even close!

Edwards family supported the initial raise, and significantly so, and along with all the other places they got warrants, which at the time were a premium to the raise!!Not a discount, The others have been cashed at many different levels, the total number of shares on a fully diluted basis is the same,

Would strongly advise investors to always consider their investments on a fully diluted basis!

Fact is you trolls on here can't stand the fact you've been calling a placing and it hasn't happened! Nothing negative to be said about the company receiving £1 mil from shares investors already knew existed, and given they were massively in profit you would certainly include them in your investment case!!

You lot carry on with your whinging, you cannot stop the imminent rise!

Best of luck to you!

[kryptonsnake] 03/2/2017 18:04

Andy, you can liken it to a placing if you want, but it's an exercise of warrants not a placing.

[kreature] 03/2/2017 17:13

eieio.new landsat 31st jan. pilot having difficulty focussing

[andy] 03/2/2017 17:07

Wow some pretty aggressive comments, people seem touchy, maybe because of the discount?


A placing involves the issue of new shares, and new money into the company, right?

The warrant excercise involves the conversion of warrants into shares, increasing the number of shares in issue, and new money coming into the company,correct?


What's the difference?

In both cases the shares in issue increased and the company banked money.

This just happens to be at a nice discount to market price!

and they've given them some more warrants, nice........

[kryptonsnake] 03/2/2017 16:36

Some posters really trying to clutch at straws here. Better to just admit you were wrong.

Should start to rise from here especially with some more good news.

[andy] 03/2/2017 13:41

kreature,

It's a placing by another name, and they have given them more warrants so it can be repeated.

[kreature] 03/2/2017 13:32

ok thanks

anyone found the tweet request to vox yet?

[andy] 03/2/2017 12:52

Kreature,

These are the pertinent parts:


All the Warrants exercised had an exercise price of 8.8 pence per Warrant and were issued to EFH as part of the placing announced by the Company on 12 November 2016.


The Company has issued, subject to approval by Shareholders (other than EFH), 2,755,125 new warrants to EFH, exercisable at 14.0 pence per Ordinary Share at any time before 31 December 2019 ("New Warrants").

As a result of the size of EFH's shareholding in the Company, it is deemed a related party of the Company under the AIM Rules for Companies

[andy] 03/2/2017 12:46

Kreature,

Yes they are a related party.

Effectively this is a discounted placing.

[kryptonsnake] 03/2/2017 12:09

That's what I was wondering, is it some kind of payment?

[kreature] 03/2/2017 11:20

Why do EFH get more warrants? Are they a related party ?

[kryptonsnake] 03/2/2017 10:01

Could buy some animals for the farm. You and YP could muck out the pens.

[kreature] 03/2/2017 09:53

Good that they have some money. Should be useful down at the farm.

[kryptonsnake] 03/2/2017 07:47

Placing? What placing? Close those shorts guys, this is only going up from here.

[kryptonsnake] 02/2/2017 20:15

So a post on Twitter saying the charts are looking good means there is an imminent placing? Worst deduction I have ever read.

#Desperate (excuse the Twitter pun)

[kreature] 02/2/2017 19:49

This was on vox markets today, and they 'really like the chart' - so placing imminent in my opinion - ATB

[kryptonsnake] 02/2/2017 18:16

I thought a placing was definitely going to happen, well that's what you keep telling us anyway. You must be having doubts.