More 20 cent options converted
management need to announce news about arunta to get the share price well above 30 cents per share
if the share price goes above 30 then the options are converted … simples
if all the 20 cent options are converted, $9 million cash comes into the bank account and is enough for drilling
the only problem is that management are not working hard enough and draining the bank with over the top wages and admin fees
these 20 cent options are why the share price has struggled and came back from 30 cents so rapidly. The major reason it also came back from 30 cents is because management have not solely focused on the hottest exploration area in wa.
with constant news flow , some speculative drilling targets in the arunta and maybe some management changes, it should be easy to get to 30-40 cents and then the $9 million from options should flow in to the company.
Add to My Watchlist
What is My Watchlist?
