It would be a nice jesture too on behalf of GBM if they reset the options for another 2 years and a realistic price. At least that way they can call on the holders for funding when needed.
Obviously there have been technical issues and the global credit crisis has caused funding problems. This has meant that we did not get production in mid 2008. Whilst I can accept that I think the shareholders would be supportive of this, given that we picked the options up as part of the float.
Perhaps a bonus issue of say 10c for option holders dated 2011 would be appropriate. This can be done, CVI recently had a reolution mooted to offer a 1.25c 2011 option for all holders of 15c 2009 options, where it was apparent that they were never going to get in the money.
No reason why GBM cannot do the same IMO.
All the best
Scott
GBM Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
