RE:RE:PP at 75 cents is disappointingAgreed, the 1/2 warrants can be a killer. Too many investors have a pattern of buying PPs, selling the shares and keeping the warrants. Then they rinse and repeat with the next company donig a PP. So they can keep rolling over their investment money quickly to more companies. They hope that a couple break out and make a bunch of money on the warrants.
This strategy puts a lid on share price because too many PP buyers turn into quick sellers. It's been a problem in the junior mining sector for years. Good companies/mgmt with strong projects do funding without warrants. I thought NGC could have avoided the warrants but Sprott won the funding negotiation.