My immediate thought was exactly the same Ty, these ‘probably’ aren’t going anywhere until at least after the AGM, which ‘probably’ means:
1)no mining licence
2)no native title agreement ann
3)no offtake deal/processing agreement
Last year they gave what at the time would account for 6% of the company, at essentially in the money conversion prices to:
Phil- 20 million options (hardly begrudge him these considering he was the saviour at the time)
Frank- 10 million options
Bruce- 10 million options
So the other 2 are getting their turn this year, at least at 60% premium this time.
Ann: Notice of Annual General Meeting 2020, page-10
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