The one good aspect of the free options, that keep being converted is that they keep the money flowing in so that any delay in the operation of TT at this point is irrelevant. The company had $5m in cash IIRC, so there is plenty in the kitty to spend on drilling and getting TT up to scratch for the last permit.
The 9m in the cleansing notice on Friday is worth about $375k (some were 3c options) from what Cymon or Wombat stated the other day (sorry, can't remember who). I would not be surprised to see another cleansing notice any day, which will be more income for the company and less to be sold once converted. I think most of the selling comes from there, hence why I've mentioned patience to people expecting us to get to the 40's or much closer to the Beer number.
beer&co October 2015 (51c), page-99
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