Ann: Battery Minerals prepares to develop Montepuez, page-87

I take your point, I wish I got some shares and options at the price the instos got. Unfortunately that is the nature of beast when you are trying to build a mine. Raising money from instos is (much) cheaper and easier for companies to do than to go to the market.

Just because sophisticated investors are involved doesn't mean retail investors can't make money. Their shares (if they dump as you suggest) will be picked up by the market once this company starts construction/production.

This company is highly comparable with PLS in my opinion. The instos got large parcels of PLS at 38c and then 35c. It's now ~$1 as they near production.

Just because sophisticated investors got shares in BAT, doesn't mean the SP can't fly. I actually see it as a positive. Why would they invest at 6c and sell out at 5.5c as you suggest? IMO they will be selling at many multiples of 6c in 1 year's time, if in fact they sell at all.