I am really hoping to management make a meaningful effort to get the MLSO options in the money. They expire at the end of December, and if converted will bring in around $650K which would hurt to raise via CR at current levels.
With a conversion price of 0.3c its not impossible to imagine seeing them converted. It would just need management to get things moving and get the SP up over 0.5c.. surely that's a more attractive idea than a CR!
Ann: Drill Hole Intersects Further Graphite Mineralisation, page-32
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