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Angk 43 wrote "make no mistake, IFE needs all the OP money they can get and then some. I wouldn't be holding my breathe on debt finance at all. We may even see a cap raising shortly after the op to cover any short fall."

I don't know how you can say that with such assurance. Sure, the company needs a bunch of money to get through to production but none of the signals I am reading indicate that the only source is from the oppies. Nor do I see a further cap raising as likely - largely because the company has exhausted its right to issue further shares without calling a special general meeting for approval and that would just look desperate. The SP seems to be holding at 80'ish without any obvious propping up and certainly there is not a flood of sellers. The directors are just not acting as though it matters to them whether the options are exercised or not....which is probably a signal to option holders that they should exercise - not to loyaly support the company but because it is a good investment .
I have gone from frustrated to intrigued !