Well James did encourage holders to exercise their options a few months ago. I would imagine those who did are mostly committed BLG investors and won't be selling them just because they doubled their money as of today's close.
James did say he expects a rerating of the stock on the back of multiple good news releases this year. He made the case that 3c would be a cheap way to top up compared to any future capital raising.
My BLG strategy has always been hold and wait for a dividend. It's taken a lot longer than expected but hopefully we are now on track for something in the next few years.
Thanks James for you words of encouragement.
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