Agree, he comes across as a genuine guy. And I have never suggested that Chris would intentionally dilute shareholders to get his rights. My point is that it provides him an insurance policy disconnected from the share price, which is of 0 value to current shareholders.
The only possible positive of the rights are that Chris would get paid out in the event of a takeover.
If we got some indication from the company that they were actively adopting a strategy (in tandem with the further development studies) of seeking a buyer for the project then I would be more inclined to vote for his shares. Said indication could perhaps be slotted in the back of the next announcement for example.
BGS Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
