31 dec options

If the options had lapsed we would have had an immediate notice this morning.. Looks like HP are putting another 9.8M into the company..

What does tis mean?
1. More cash to tie the company over in the event negotiations with the JV partner take a little longer- ie keep going with project expenditure down payments and the like... This way the construction schedule doesn't fall behind...

2. HP still hugely believe in the project, as they are a long holder still financially viable to ex options so close to the spot ... In their view long price will be some $2+ when they are ready to exit...

3. More dilution, however this is already factored in..

What hysteria over the fiscal cliff!!! The next will be debt ceiling issue in the US- that is more grave..