CAV 10.0% 0.6¢ carnavale resources limited

Ann: Annual Report, page-2

  1. 2,837 Posts.
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    Unless I'm mistaken, over 63 million shares were given to Klaus at the start of the month.

    He already had 42 million as of this time last year, which means that's over 100 mil, whereas he's only got 48 million now.

    Hmm... Make of it what you will, but it would be hard to argue he's solely about seeing this through the whole entire drilling campaign, IMO.

    And imagine when more options start to get exercised when they were picked up at 001/002 - with that amount of dilution, it's going to be truly hard to see this move anywhere over 20-25mil MC unless there a substantial hit during drilling.

    all IMO.

 
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