It is just an oppie conversion into 24m shares and yes they may sell them straight on issue day. Or they may not. Converting now probably to take advantage of the higher sp. Agree with one poster, 24m shares aren't the end of the world. Could hold us back for 1-2 days if they choose to sell. Way more important is the extra $ 1.3m. 2-5 extra Bull drills, depending on type and depth of drill which, if successful, will rise the sp by 5-10c.
Yes, any oppie conversion is a bit of a dilution but how else get an explorer its hands on cash.
All good, the earth will continue to revolve even with a down DOW and oppie conversion.
So many crapping their pants here over nothing, hope you hoarded enough toilet paper.
GLTA
It is just an oppie conversion into 24m shares and yes they may...
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