Always a possibility to issue new options to those holders, at a fraction of the price of the expiring options - it's been done before with other stocks.
IMO,rather than letting the IPTOA options expire worthless, given that they will more than likely be out of the money come June 15th, the Company could offer new options with a later expiry date (e.g. IPTOB - 15/12/21), to existing holders of IPTOA - this would be far better than having another CR, say in 12 months time or so. Given the exploration potential of the two sites (Comm. & B.H) in the coming months, I think it would be worth consideration, if it was at all possible!??
Just a thought!
GLTAH
.
Ann: Options Expiry Notice, page-39
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Last
1.4¢ |
Change
-0.001(3.45%) |
Mkt cap ! $42.83M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $7.381K | 522.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 6442063 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1624348 | 4 |
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| Last trade - 15.58pm 02/08/2024 (20 minute delay) ? |
| IPT (ASX) Chart |