@5hareholder you are putting the cart before the horse when calculating the performance shares
You can't assume they will be exercised/issued but not account for the underlying fundamental change. The performance shares are only issued on a 30Mt @ 0.8%V resource, until they announce that, it is just a 25M share register
They have stated the resource modelling will occur upon receipt of all assays, and this usually can take a few weeks. They must announce the full set of assays prior to doing the resource modelling
In that case, there should be at least a few weeks between Northern results and the issuing of performance shares. IMO, it is in this period and hype that the brokers will play the low shares on issue, pump this to lofty prices and distribute well before those performance shares are ever issued
For the next 3-4 weeks minimum, this will remain just a 25M share register, with Northern results to fall in that time. This is where the SP can get crazy and test $1
TMT Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
