Hi, Everyone, I may be WAY out of line in my thoughts on the issue of Directors'options, but here goes.-
the Options are going to be exercisable at 118% of the five(5) day VWAP up to and including 23/11/the for the period up until 23/11/13.
They will vest in the holders only if the Company divests wholly or partially the Marampa Project, whether by joint venture, sale or IPO.
In light of the foregoing, we can only expect the Share price to remain low at least until the vote has gone through in favour of the issue of Directors' Options
After which time, I fully expect the share price to rise over the exercise price quite quickly.
I have already voted "No" ( and that is for the first time in my time trading in the share market) as I think the time is not right to be generous with our shares when the future of Cape Lambert is so uncertain.
Well, that's how I see it anyway...Lormac
- Forums
- ASX - By Stock
- CLE
- share price and directors options
share price and directors options
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLE (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.47M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $1.07K | 1.07M |
Featured News
CLE (ASX) Chart |