In writing the last post I'd spotted how close Len kolff's...

In writing the last post I'd spotted how close Len kolff's option expiry date is. It will be interesting to see how this plays out. Len Kolff's got a heap of options that have exercise prices above the current share price and only a month until they expire on 18 August 2023.

• Option 1: Len comes up with the goods and has an absolute boomer of a business development / exploration announcement in the next month - share price goes nuts (Note he's probably responsible for MIIF negotiations!!)
• Option 2: The rest of the team find some boomer of an announcement and the share price goes nuts and he can obtain value from the options because they are back in the money, noting to get to £0.50 requries the share price to just over double from last Friday.
• Option 3: They expire worthless - which isn't so bad as is less dilution

And for those doubting Amanda/Neil, they have IMO a well structured options package in that the exercise prices aren't soft. The exercises prices are £0.60 to £0.80/share meaning that unless the share price is taken back to ATH's, these options that are a key part of their compensation package will expire worthless. This should have both Amanda and Neil working very hard for us shareholders over the next 9 months.

There's a phrase "follow the money" and of course the movie line "Show me the money". The directors have a lot riding on getting the share price back up again.

Neil's shareholder interests


Amanda's shareholder interests