RE:RE:Look that volume go!Rrooze wrote: Monkeydonkey wrote: Cant tell me van eck isnt accumulating... Nearly a 100k in 5k trades in a few minutes...
The side note in todays NR kinda proves me right imo.
They are buying shares from someone who wants to cash in future warrants.
We are delighted with the level of shareholder support demonstrated by 100% of the March 2016 warrants being exercised and we continue to receive exercise requests for subsequent tranches of warrants,” commented Rob Humphryson, Novo Resources CEO and Director
you might be right, but the question in that case would be: Who would want to get rid of its warrants? Also important is that they probably won't be able to get 8.8M shares that way, so retail might have to cough up these shares. This would benefit us more than this dillution. Short term anyways.
| Exercise Price $0.90, Expiry May 4, 2019 | 16,722,541 |
No idea who owns these. But i expect these are in play now. You never know why someone (probably another fund) needs cash. They probably help each other out here and there. I am not worried at all, a bit dissapointed that we are not gonna get a substantial lift. Its a 42Million cad position being taken...