The company received a non-refundable option fee of $50,000, probably upon signing of the conditional farm-in agreement with Cooper Road. I guess its at the timing of signing the agreement the disclosure should be made. That is my assessment of the "reasonable person" test. Yes, being a little hard but surely shareholders and the market has the right to know these things contemporaneously with the actual transaction. Its time RMG update us on the status of the company not just a 3 resolution AGM with no formal presentation and update.
DYOR
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