The options are part of BB's $37.3m investment in the strategic funding package as announced on 24 February 2021.
The expiration date 17-June 2024 is public information since 2021 and there is no reason to exercise the options earlier than this date.
Fact is BB has dropped another $10.5M along with Chairman's $1.05M. To me, this sends a signal that progress is being made. Although deep in the money, paper profit is not real until the shares are sold and the $11.55M parked in DVP comes with opportunity cost.
Like Bazza said in the RRS article today "the return of the Woodlawn copper-zinc mine can’t be far off now."
They better be selling rocks soon otherwise what's the point? Talking about mining rock ain't gonna decarbonise the world is it?
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Last
$2.26 |
Change
0.060(2.73%) |
Mkt cap ! $540.5M | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.26 | $2.16 | $741.2K | 335.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 7093 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.26 | 5317 | 9 |
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| Last trade - 15.38pm 25/06/2024 (20 minute delay) ? |
| DVP (ASX) Chart |