Haven't these options already been extended once after a PL promise? If so does that mean we are less entitled to another extension as delays are accounted for by the original extension. Or are we more likely to see another extension as their is precedence?
Even thought the NKPO money saved the company, it was still structured that way. The same money could have been raised via shares instead of options. So I;m not sure if the use of the funds impacts the granting of another extension. Maybe the better 'option' is for Zijin buyback at issue price. Or even a Zijin underwriting which would send NKPO higher and NKP higher to the ex price.
Last time when they extended their was a small issue fee and from memory the strike price changed. It would be pointless extending them if the ex price went to 20c as they would be worthless unless take over was >20c. I certainly wouldnt want to pay for an extension unless terms were favourable.
NKP Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
