According to the AFR Bass is exercising 4.5 mil options to raise $1.35 mil and the actual raise is only for $1.5 mil which is tiny.
Bass is increasing his shareholding in the company to back over 40%.
Big skin in the game. Someone of his pedigree pumping more money into the company provides a lot of confidence in this set of drilling.
We could see over 50 cents pretty quickly after this raising.
Ann: Trading Halt, page-10
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