No, I think you will find Henslow underwrote the options & then passed the majority of them to Regal - have a look at the previous notices announcing the underwriting.
Regal are in this to make some big bucks - not a pissant few cents. However, it is a punt
The issue I have with the BoD is that whilst they think, under the disclosure rules, they need to report all the "massive sulphides", they are not obliged to report the dusters - & that's from reading between the lines of an e-mail reply from CD when I queried the lack of information some months ago. I don't agree with that approach, but they seem comfortable only reporting the good
So we wait
3.5km of strike, page-21
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