what happened, page-5

To keep a cap on the price long enough to make the options worthless is unlikely. Canmex and PL Gov. won't want to stall things for 6 1/2 months. With the SP kept low, how could they raise the equivalent cash via a discounted placement? Either way you'll get dilution, but through the exercise of the options, Range will be calling the shots instead of the insto's. If it hasn't run prior to Oct, I doubt it ever will. Exercising the options gives Range 70 million dollars worth of independence. They will have far more credibility going to the bargaining table with future JV's and will also have the cash to persue other ventures eg. minerals. I think there will be a steady rise of new investment from now on, with stale bulls exiting along the way.