But have you rebased the numbers? They won't have 30 million shares. So to get that curve you need to divide the num shares by 10 and multiply the price by 10.
So Jury and Mathews get 4500000 post consolidation for free. Option exercise at .50c now...
For a ready made project based on what CZA and RIV value their projects at - market cap less cash, we should be looking at 150-200 million IN THIS MARKET. I think this would value the co. at $2-$3/share post consolidation if this were to be sold IN THIS MARKET.
Monumnetal shakedown of the small guys but I actually like it. Jury and Mathews are still wanting their big pay day.
From the ann:
72,975,809 fully paid ordinary shares; and
• 7,043,095 options with exercise prices varying from $0.10 per share up to
$2.05 per share.
• An additional 3,750,000 shares that are scheduled to be issued in relation
to Resolution1.
• An additional 1,875,000 options with an exercise price of $0.50 per share
that are scheduled to be issued in relation to Resolution 1.
• 4,500,000 performance rights in relation to Resolutions 4 and 5, if
approved.
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