I'm up 150% on the warrants :) Will convert as total cost with bought warrants, free warrants and guessimate of exercise price will be 75c. Cant complain
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I've been buying head shares a week or two before dividend each quarter for the last 5 quarters. Will convert all warrants and keep buying small amounts each quarter. DRP is great for accumulating a big position as its quarterly and tax paid in the majority and at a 3% discount :)
If u observe the trend of new warrant issues ...MLN got last exercised in Nov last year and new got announced in April this year ...if we keep the same timeline then KFL which exercised in March this year should have a new one announced around August / Sept .
Most likely to happen as they will like to cash in on the appetite for listed PIE's
Latest NAV show ...BRM 28% Premium ....MLN 18% and KFL 10% ...Makes KFL safest bet if looking for tax free dividends
Currently at $1.13 ... 35% premium ... crazy.
What's driving this?