21 tdg days to exercise the oppies current head SP = 3.6c exercise price of oppies = 12c
And even if the heads get to 12c (a 333% increase) there is a risk that the thing gets dumped again while oppie holders wait to have their shares allotted. So realistically the heads need to go somewhat higher than 12c if the oppies are to be converted.
Whats needed?
One gigantic rabbit. Maybe they are still feeding it.
The Board are probably whistling "abide with me" and re-arranging the deckchairs at this time.
I would really love to be proved wrong on this.
GDN Price at posting:
7.2¢ Sentiment: None Disclosure: Held