My take on things is that PB is overseas lining up a placement because he knows that there is no imminent news on either the Ti off-take agreement or the CLC negotiations therefore the options wont be in the money and it's unlikely any will convert.
Another reason why I think this might be the case is the big 121 conferences that are to connect institutional investors with Companies are on in London next week and Singapore the following week..........
Just my opinions
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