I should have said fully diluted in my post. Not undiluted. Read their latest Appendix 2A on ASX. All those options are in the money. That’s why there’s more perceived shares on issue. This is pretty basic stuff… To be honest, even if it was $138m mcap, that’s more than the initial Luni discovery (which was after P2), so I wouldn’t be paying that. As said, I’m hoping they find something of substance as I’ll have a look at that stage.
I should have said fully diluted in my post. Not undiluted. Read...
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Mkt cap ! $153.0M | |||
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