HGO
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2.78% 7.4¢ hillgrove resources limited

re: Ann: Change in substantial holding - J.P.... My reading of...

  1. brettcombe
    14 Posts.
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    03/08/10
    21:19
    Post #: 6977994
    re: Ann: Change in substantial holding - J.P.... My reading of the announcement is that they have acquired the 18,000,000 unlisted options, not shares. They obviously have some level of confidence in the stock and given they acquired their 64,000,000 shares in the 33-40 cent range the have an intereest in an improved share price.

    What I would like to know is what is the strike price for the options. Not too low I hope, I've been diluted enough as it is.
    HGO Price at posting: 27.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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