"Quotation of the Options will cease at the close of trading on 24/11/16" (from announcement 3.11.16)
So, you have until the close of trading on the 24th to sell them on the market, Or
"Exercise the Options on or before 30/11/16"
Exercise them (at 20c) before the 30th.
This will be beautifully timed.... On the 17th Oct drilling at Poona had commenced.... give it 1 week for drilling and 2-3 for lab results which means we should have first results this week sometime. If there are some half decent intercepts (and by all accounts there should be) we should hit and hover at around 25c as further results are waited upon...... with SP at 25c option holders will see value and convert... and Bob's your uncle!!
There are 2 ex-stockbrokers running this company... the next 3 weeks will be text book
VMC Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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