If oppies expire worthless then they have 40% of the company to play with.
I would expect a deal will be done but only after options lapse.
There is no way I would underwrite any CR with option expiry hanging around to further dilute the company again.
Plenty of majors out there that would fund drilling for 40% equity in the project so IMHO this is where we are headed.
Cheers
If oppies expire worthless then they have 40% of the company to...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.48M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $98 | 19.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 12246954 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 15754731 | 21 |
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| Last trade - 09.59am 11/07/2024 (20 minute delay) ? |
| ALR (ASX) Chart |