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Bullboard - Stock Discussion Forum Thunderstruck Resources Ltd THURF


Primary Symbol: V.AWE

Thunderstruck Resources Ltd. is a Canada-based mining exploration company. The Company’s principal mineral property interest is a project located on the main island of Fiji. Its projects include Korokayiu Copper-Zinc Prospect, Liwa Gold-Silver Prospect, Rama Copper-Gold Prospect and Nakoro Zinc-Copper Prospect. The Korokayiu prospect is located on the southern part of Fiji’s largest island... see more

TSXV:AWE - Post Discussion

Thunderstruck Resources Ltd > DD on warrants/ accelerator clause
View:
Post by Microcapmetals on May 02, 2022 12:55pm

DD on warrants/ accelerator clause

According to Financials, they is a large block of warrants, 9,297,500, that expire on Sept 2, 2022. They are under Thunderstrucks accelerator clause , which from their news release says in effect if stock price above .25 for 20 consecutive days, the company gives notice that warrant holders have 30 days to exercise them or lose them. So going backwards from Sept 2 , 30 days notice is August 2 . Then go back 20 days at .25 and that's like first week of July. Then go back to get price from here to .25 and that readers could be shortly! This stock is going to run, I feel it and, imo, they would certainly want to catch that block of 9 million shares before they expire and lose the funding. Have I got that right? Comments welcome.
Comment by jetstream on May 02, 2022 2:15pm
This seems to me to be a good probable game plan. We are pretty sure that AWE's claims have the goodies and Ian with his connections and reputation can run this stock. Keep news to a minimum and wait for the first drill results that hit. Then release all the news and Ian and other management initiate buying. .25 should be easy to achieve in a flash with good drill results. Several million ...more  
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