Warrant ExpiriesI noted that of the 13.6 million warrants outstanding, about 10m shares expire by end of June 2023. And 2.2m @ $0.40 expire in May 2022 ...
I wonder if some of the selling somehow relates to those warrant holders (i.e. the May 2022 holders) shorting the stock to make something on their $.40 warrants which are expiring in a month ?
Seems to be one of the only rational explanations as to why people continue to sell this stock ??
Of course we would like more drilling news ... but with Gold where it is, it makes little sense for this one to continue to have its market cap erased.
Maybe we will get a little uplift once summer is here and we get beyond the May 20 2022 $0.40 warrant date ?
And indeed, if the stock price doesn't improve, at least there will be little dillution from those warrants !
GLTA.