I'm not surprised. They were trading under that around the exercise date.
What a bloody nose for anyone who accumulated options.
The behaviour of larger holders combined with an inability to capitalise on momentum meant this was a big lost opportunity for the company to have added another $3 million plus to the coffers.
If JP had managed to get the Teal camp resource update out a bit sooner it could have been a different story.
IRC Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
