Post by
Rob0012 on Aug 01, 2023 8:10am
About famous warrantsM of those again are in Canacol's hands
We all remember that 70,000,000 warrants exercisable at 9p (currentky 19 and a bit) were issued with the 140,000,000 shares issued in Oct 2021. This morning we get an update saying that 51M of those are still in investors hands. 14M of those again are in Canacol's hands.
A friend of mine and myself believe that wts holders are not exercising their wts until close to the expiry date because they don't intend to sell in any case, so why spending the money now? However, they might still sell after October...which would still maintain a bit of pressure on our SP. until when? until the Co brings more and more BOED, cash flow and all!!! which it pretty well does right now. Canacol will not sell anytime soon, so 14M not to worry about.
Having said that, I foresee a slow climb to 50 and 60cents over the next few months.
My 2 cents about the wts effect. Any further comments welcome.
Rob
Comment by
Rob0012 on Aug 01, 2023 8:13am
Ouch! huge typo in my title, sorry about that! My teachers were always telling me to re-read myself before handing out my exams! LOL!!!
Comment by
kepiyal87 on Aug 01, 2023 11:51am
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