chrisshe is a coaleein Indonesiaserious in monster drilling184m...

chris

she is a coalee

in Indonesia

serious in monster drilling


184m + 120m OA on issue (disregard Os not in the money)

300m fully diluted

at 10c, EV = 30m - 7m OA conversion money - existing cash = roughly 20m

EV 20m before drilling looks fair & reasonable

a couple of other coalees I got in made 20m EV leading up to drilling.

Expect OAs at 6c when heads hit 10.

The 2c OA sellers today have no idea


Many options I held before are already trading at a 4-5c premium even out of money

QMNO (ex 20c), heads at 14c, options hit 5c today, that is >5c premium

GBZOA (ex 20c), heads hit 15, options hit 4.5, again 5c premium

CSDO (ex 20c), when heads first hit 19c, CSDO traded up to 6.5c, an amazing 7c premium


here OAs have 1.5 years to run, sellers are charging buyers 1c premium

that is some very generous sellers