It's important to note though that of those half of those are options.
Whilst still dilutionary, at least that is offset somewhat by cash coming into the company.
I really would have liked to see a higher strike price, but in order to get the cash through the door they would have had to have made it as attractive as possible.
Gives them a fighting chance.
First half of next year could be really exciting.
Remembering also that they have a further $180,000.00 grant to drill out the Mogul Copper Project
M4M Price at posting:
0.4¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)