Post by
karead on Nov 02, 2024 6:44pm
Old MOZ warrants
Very strange. The updated Investor presentation (issued October 29th) page 23 shows that of the 54 million warrants from the old MOZ financing, 48 million of them expired. What am I missing? How is this possible when the share price was well above the $2.20 exercise price?
Comment by
BGraham2 on Nov 03, 2024 5:56am
Weird ain't it ? According to investing.com price on Sept 20 was: open: 2.75 high : 2.79 low : 2.68 close: 2.75
Comment by
smallcinvestor on Nov 03, 2024 3:40pm
Warrants A summary of the Company’s warrant activities for the six months ended June 30, 2024 and the year ended December 31, 2023 is presented below: 1 Warrants exercisable for the purchase of 48.2 million common shares of the Company expire on September 20, 2024 and warrants exercisable for 6.2 million common shares of the Company expire on January 24, 2028.
Comment by
mjh9413 on Nov 04, 2024 12:52am
To save e going thu the loop of SEDAR financials mind telling me the price(s) of those warrants and are they ll brokers' warrants or what? Thanks
Comment by
BGraham2 on Nov 04, 2024 3:07am
|See old MOZ PR below for the source of most of these warrants with the SEPT, 2024 expiry. Strike price was 1.35 but allowing for the 0.6164 ratio in the buy out , the new strike price is / was about 2.20. PR here : https://www.calibremining.com/site/assets/files/7445/marathon-gold-announces-bought-deal-financing-09-12-2022.pdf BG
Comment by
BGraham2 on Nov 04, 2024 3:16am
** 2.20 exercise price, i guess - rather than strike price!
Comment by
BGraham2 on Nov 03, 2024 3:37pm
They werent free trading , right? Could an agreement in the MOZ takeover have specified a "no tender" on these warrants? Jus wonderin' !??
Comment by
karead on Nov 06, 2024 8:35am
So, it turns out that it was a typo. They used the word "expired", instead of "expire". No wonder I was confused. So, they actually did issue a whack of shares, and collect almost $100 million. Good thing too, because they are burning through a whack of cash to get this mine built.
Comment by
Mako2022 on Nov 06, 2024 9:17am
There's the buying opportunity we've been waiting for. Time to take advantage of this dip!!! Thank goodness sold ELD @25.82. Strong sell!!
Comment by
BGraham2 on Nov 06, 2024 9:25am
Still - that would be sloppy on CXB's part to present a deck dated Oct 29 to use the present tense (expire) in relation to warrants with an expiration date of Sept 20. Maybe the deck meant to say "exercised" .? So maybe more correct to say they used the word "expired" instead of the word "exercised" ? BG
Comment by
karead on Nov 06, 2024 9:36am
Either way... yes, sloppy.
Comment by
Mako2022 on Nov 06, 2024 9:42am
Good job!!! i picked up 15000@ 2.22