Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Lion One Metals Ltd V.LIO

Alternate Symbol(s):  V.LIO.WT | LOMLF

Lion One Metals Limited is a Canada-based exploration company. The Company is engaged in the business of mineral exploration and evaluation and is primarily focused on the acquisition, exploration and evaluation of mineral resources in Fiji. The Company owns 100% of Tuvatu Alkaline Gold Project, which is located approximately 24 kilometers northeast of the town of Nadi on the island of Viti Levu in the Republic of Fiji. The area surrounding the Tuvatu gold deposit and resource area is covered by approximately three-square kilometers of special mining lease (SML 62), with the broader project area covered by approximately 13,613 hectares of special prospecting licenses (SMLs 1283, 1296, 1465 and 1512), covering the balance of the Navilawa caldera. The SML 62 provides rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu. The Company holds over four exploration licenses (SPLs) for the Tuvatu properties.


TSXV:LIO - Post by User

Comment by LondonInveston Aug 16, 2021 2:56pm
240 Views
Post# 33711201

RE:RE:RE:warrants

RE:RE:RE:warrants
A warrant gives a buyer the option, but not the obligation to buy additional shares at a set price.  These shares were issued with warrants at $2.35 and $2.75 Canadian.  With the current share price at $1.10, it is much cheaper to buy shares on open market, so these warrants will expire worthless, no one will execute them.  If stock was at $3, it would make sense as you could buy shares with warrant at the two lower strike prices and then flip shares selling them and pocket difference as pure profit.

There are many places to read about how warrants work.  These will expire with none of them exercised and thus the share count will not rise by another 10.8 million shares.
<< Previous
Bullboard Posts
Next >>