Ok, so 18 trading days left for these babies. By mid March, we will know how may have been converted.
Even if only 75% are converted, that's a handy $9mill in the bank.
These options have been like a well-telegraphed CR and a massive handbrake on the SP. What a disaster of an IPO Structure in hindsight.
So the positive catalysts for EGA are:
Ongoing drilling results - Feb - Aug
Removal of options overhang - March
Resource upgrade - March/April
Definitive Feasibility study - April/May
Financing - May/June
Construction starting - July
First gold pour - March/April 2019
- Forums
- ASX - By Stock
- EGA
- Ann: Notification of Expiry of Listed Options
Ann: Notification of Expiry of Listed Options, page-2
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