Marlin

[Baa_Baa]

Nice one percy, a good post

An ex-post, he mustn't be comfortable criticising the hounds decision on this one? I thought he made a good point.

[Beagle]

Beagle reckons no other mutt on this forum can value the optionality of these warrants...some tricks and the resultant feed are best not shared
TA speaks for itself, can't hide that.

[winner69]

Beagle reckons no other mutt on this forum can value the optionality of these warrants...some tricks and the resultant feed are best not shared
TA speaks for itself, can't hide that.

......some pussy cats are pretty clever though

[tim23]

Beagle reckons no other mutt on this forum can value the optionality of these warrants...some tricks and the resultant feed are best not shared
TA speaks for itself, can't hide that.

The buyers at 2.5c will be feeling pretty smart - me not one of them!

[Beagle]

The buyers at 2.5c will be feeling pretty smart - me not one of them!

Very little volume at that price and were a few people that had them issued for free and didn't want them. Since early May NTA and head shares up about 5 cps and straight on the warrants it goes.

Be great if all this trade war rhetoric dies down over the next few months and it proves to be simply "The Don's" way of doing business and the head shares went up say 15 cents wouldn't it. Soon we'll have Cindy back wrecking everyone's confidence even more and maybe sending the Kiwi dollar down further, that'd help too.

Suppose that doesn't happen and NTA stays about $1.045 and simply marks time in terms of earning in line with the dividend policy and then the warrants are exercisable at ~ 75 cents...hmmm...pretty big discount to NTA there !

[Beagle]

......some pussy cats are pretty clever though

Cunning cool cat

[percy]

Nice one percy, a good post

Yes,was trying to be helpful,and give a word of wisdom ,after I made the same mistake years ago, with one of Fisher Funds warrants.May have brought Marlin at issue,sold, and loaded up with more warrants,which went down nearer conversion,when I thought I would gain massive upside leverage.
So as I could not remember the full facts,and the thought of spending hours trying to find the details, I decided it was not worth the effort,and deleted my post.

[Snow Leopard]

If you consider that:

the current exercise price of these warrants is as near to $0.81* as makes no difference;
and that the difference between the heads at $0.89 and these warrants at $0.08 is also $0.81;

then you can see that, based on the real world experience of previous MLN and similar entities profligate warrant emissions, the market attitude to these things is:

Stuff your fancy formulae, these things are mangy flea ridden dogs.


Snow Leopard recommendation:



*$0.83 - $0.0196 of divvies

[winner69]

Fisher Funds probably happy collecting their $2.7 million performance bonus

Keeping skin in the gain ...use 25% of it to buy more shares (on market)

That should stop the discount to NAV getting any greater

[winner69]

Doing research

I see they added Facebook to the portfolio in April ......sold Amazon to fund it

Still up a bit on FB but AMZ has continued to roar ahead