Ann: Lithium Exploration Expanded in Namibia, page-394

I've finally found time to read through Resolution 1 in prep for tomorrows voting - my interpretation is that if voted up, Patersons would be issued 15.5m options that they would still have to purchase for $0.15 at a date on or before 31.12.19.

I must be misunderstanding because this would mean they are worthless to Paterson's unless the price lifts to >$0.15. Therefore having Paterson's behind driving the price beyond this point would be a good thing imo....why are some of you disagreeing with this?

The point that these options will be issued to Patersons for nil cash consideration, does not imo, remove the requirement to exercise at $0.15 and it simply means that the ability to excise 15.5m has been provided as part of their service fee.

I'll seek clarity tomorrow before i vote (few mill to pass through) but at this stage it appears to me i have incentive for Patersons to get these options. It would also strongly correlate with the SP depression and associated accunulation if Patersons have every intent of launching it back beyond $0.15 at a later date.

Interested in any other commentary prior 10am WST.

Cheers