I agree that close on 50m options are in the money and could be converted over the next few months while management decides on the route to take for the next $15m tranche payment.
Funds could come from a number of sources namely offtakes, sophisticated investors, shareholders etc. Asimwe has had no issue in obtaining funds. Hopefully this time they are more selective in who subscribes and at what price.
My gut feel is that LIN will wait until all drilling data and MET is released and the shareprice climbs over the 30c mark before a CR is executed. No more cheap shares please.
LIN Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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