We’ve received several queries from options holders concerned about the expiry date in January 2014.
Clearly, the decision to convert for most holders is contingent upon share price being above a certain level.
The timing and outcome of both ALDP and Monash investment can significantly impact share price and therefore the decision by options holders to convert.
In short, the Board is aware of the timing issue and will respond accordingly in line with events as they unfold and in the best interests of the Company.
No talk about options extension but referral to significant price impact through ALDP and Monash announcements 3 months before expiry of the options. Is he expecting one or both of those news to hit prior?
Why else referring to those significant events when talking about options?
I would expect in the absence of an ALDP update in time to see Monash and Indian news forthcoming to lift the options.
My impression from viewing this interview is that the option money is part of management's financial plan to go forward and management will provide news to lift the price.
Another core comment from the video is the question about commercialisation in India which is progressing rapidly, but still not at levels as can be seen in Victoria.
So we are outpacing rapid developments towards commercial plants in India ( November being the time when NLC will update market about final decisions ) whereas our share price shows no progress towards a plant in Victoria?
What is he not telling us?
Interesting timing for this shareholder update view website. Yet again, this update is placed on the website and not shared with the ASX.
ESI Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)