Clearly, not enough thought went into the decision to consolidate...re Option holders.
The consolidation will potentially kill off any interest in the Feb'24 Options which will be
priced at $2.50..post consolidation...good luck with that based on current near non existent
investor interest set to continue post consolidation..with only the the proposed mild works programme
of hitting around 10t/j/day flow rate by year end as giving any sort of guide to future sp
expectations
.Clearly, any potential main share price based on existing minimum operational expections
will potentially fall well short of Option conversion.price.
The Board clearly seems to have not done it's homework here if the company had any intent to
preserve the Feb'24 Options as another structural source of potential income....
As always my opinion only....
Cheers...
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