ALR 25.0% 0.5¢ altair minerals limited

Ann: High Grade Copper intersected at Horse Well Prospect, page-204

  1. 17,185 Posts.
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    do you reckon these guys will get the options given to them after todays report,

    Issue of options

    The Company will include a resolution in the next notice of general meeting to seek approval from
    shareholders for the proposed issue of 15 million unlisted options to each of the Directors of the Company
    with each option being exercisable at $0.04 (4 cents) per option and expiring 3 years from the date of issue.
    All of the options will be subject to a vesting condition being that the Company’s market capitalisation must
    reach $200 million for a minimum period of 7 consecutive days prior to the expiry date.

    .017 share price x 1,390,463,253 = MC 23 million

    15 cent share price x 1,390,463,253 = MC 208 million,

    do we wait it out and wait for a rabbit to be pulled out the hat, or these guys work hard to get the pump and dump crew to come in so they get their free options,

    ive seen shares get smashed on some ordinary results only to find 3 months later the share price has gone gang busters,

    would love to hear your thoughts,

    in my opinion,
 
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