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Kokomo97

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21/07/21

22:18

Post #: 54673988
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Originally posted by jwoody1000: ↑

big plan with many projects but no money to really do it with.
we are a year away from anything more definitive in resources. bit of bad luck with peru and gold processing hold ups....else we should have had the revenue to explore without too many concern of sourcing fund.
there is a current hope that we get our south australian in earlier that the end August, there was a hint we might.

my concerns, are around the due dates of our options....it would be a kick in the guts to those like that hold them.... the exercise price looks to high at this stage to be wanting to exercise them ... I have poster before and sent a query about extending the time frame for those options, there is enough to keep us going well into next year and maybe the year after to great a Jorc or worth.
to have to go to investor again for fund with new attached options is a bit a spit on the face of current holder.
I believe there is provision to extend the time frame.
We have great assets but how do we get at them with so little in the kitty and covid and labs slowing us down.... can we invest in setting up a new lab to service us and others? do a peru process here too..

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Thanks for the update, I presume they didn't mention anything about extending the options, do you know what has to occur for this to happen as I've never seen a company do it before.
thanks
K

OAR Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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New OAR predictions, page-2414

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