The options, if exercised bring in $7.5m at 30c. 30c being half of what MIN paid for their last shares. If they do have any intention of setting up for a future takeover I’d imagine that they will be putting their hand up to underwrite them.
By December 31 they will have all they need to know if they are going to move ahead into large scale production and 25m exposure at 30c would have to be seen as a better entry than they could hope to achieve on market. Time will tell I guess but for now they appear supportive rather that parasitic which is more than we seem to have got from initial supporters....
HZR Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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