wouldnt the reason be that they have a high chance of expiring worthless?
Printable View
Chance of they being in the money is much brighter then they going worthless ...imho
They are currently in the money with SP of 70 Cents and expected exercise of 63 Cents ...One year shud eventually see Inflation fight almost over if not fully over ....I reckon rates wud be on its way down and that sentiment shud get fully discounted by mid next year ...an assumption which have good chance of being fact
NTA down to $0.6579.
Share price still at $0.70
PPLs slowly catching on to the prospects of BRM warrants, reasonable long dated ready for the bottom interest rate cycle - see the U S 10 yr rate which has peaked imo will flow on to the N Z 10 yr shortly.
EOD up 29% , not bad for a share thats not going anywhere !
I think that the warrants may have been issued at the bottom of the market. Time will tell.
I've loaded up with 20k worth at 3 cents average. My total risk exposure to the trade is 20k with unlimited upside.
Thanks for bringing this opportunity to my attention.