WAK 2.00% 4.9¢ wa kaolin limited

Ann: WAK Quarterly Update and Appendix 5B, page-31

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  1. 423 Posts.
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    As you can see in the pasted in section:
    * options granted in the company year ending june 30 2021
    * date of grant was november 2020
    * date that options vested was either november 2020 or november 2021 for the majority (126 million) of them

    All options have vested by now. No further performance targets need to be met. Economically it only makes sense if the price is above 0,25, so the company needs to make progress and meet its objectives.

    So we have 167 million options outstanding, which can now be exercised at any moment.
    Average trading volume per day is 292 thousand shares. That means that the options are enough for 572 trading days.
    If 572 trading days of options is not a lot of options then what is?
 
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