hmmm…
or keep it simple.
sell the heads at 2.5 now to carry no risk at all… (or any price higher for a quick profit)
And maintain the benefit of exposure to free profit should the share price rise above 3.5 / 5.
The incentive to sell in the short term, and potential overhang at 3.5 and 5 needs to be removed imo.
Ann: Operational Update - Clean Energy Technology, page-53
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