I use that 18c as one of the targets management has for the next 12 months.
After that it's the ~45c-50c it would take (at current # of shares in issue) to achieve a $500m market cap and vesting of performance shares
Like many others, I was thinking why such a close expiry date on the options? That is unusual. Could it be it's intention is to ensure all options are converted or expire within 12 months, to simplify the balance sheet and the work done for a possible takeover offer?
Ann: Entitlement Issue closes raising $8.8M, page-15
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