I guess you didnt read this... Why would SIC need another PP RE:RE:Hopefully on May 18th
One thing nobody has mentioned.... There is no wt extension for in the money wts.... You use them or loose them. The exchange rules do not allow wts to be extended when they have had the oportunity to be exercised in the money. These wts were allready extended last year on 8/14/2020 for 1 year and expire on 8/15/2021
ES knows this and had SIC in a tight spot.... Take the money now in this new placement or wait till closer to expiry date to get cash to drill..... Thus the price of placement at .26 the 13,350,000 wts are at .25 = $3,337,500 Plus 625,000 Wts at .35 = $218,750 which expire on 6/30/2021
Drill now while the iron is hot.... Or wait till september to drill when the cash comes in from ES wts.
This is what is holding us back.... Plain and simple....Will be Resolved May 18th
Chess more on ES part.... JMHO