Hi Bilgey, no, they expire on 08/08 and cannot be extended. Per the half year report, there were 492,549,998 listed options (PCLO) on issue. At an exercise price of $0.012, that's a potential ~$5,910,600 extra in the company's coffers if exercised. Therefore, while the ability to obtain a farm-in over the next 12.5 weeks affects PCLO holders, it's also rather important for the company. Iain has quite the task - obtain the best deal possible within the next 12.5 weeks. The high level of interest in PEL87 and the fact that we've started the process for exploration drilling approvals, provides a degree of confidence. Time will tell, but I'm certainly not sitting on the sidelines over the next 12.5 weeks.
PCL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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