Can we crack back over 3c tomorrow??? Absolutely!Personally I...

Can we crack back over 3c tomorrow??? Absolutely!

Personally I believe the EVGO options should already be close to being in the money.

That is, I believe that the MC should be already over $20M (probably based on PGT alone!), which would mean a SP approaching 6c.... much closer to the 7.5c conversion price.

If this was the case, then any one of a number of standalone news items (see below) over the next 6 to 8 weeks could quickly take the SP above 7.5c..... this could / would see the options being converted in June and circa $2.4M extra cash in the coffers. BRILLIANT!!!

BUT ALAS, what I believe doesn't matter ... the MC is still under $10M. Therefore it would probably take at least TWO, maybe even THREE (or more) top shelf bits of news to triple the MC from here, in order to get option holders to play ball.

The likelihood is now approaching slim to zero IMO. However, if we can see a combination of any of the following, WELL YA JUST NEVER KNOW!!!

- Relocation Action Plan agreements
- ESIA Approval (ie Global Environmental Permit)
- Mining Permit granted
- Graphite prices spike
- MOU (or better) for Maniry funding (BIG ONE!)
- something significant re RN10 road upgrades
- Offtake partner accelerating Panthera to Phase II expansion
- BAM Plant news???
- something I missed???

So we might not see the options converted... but we certainly could see the SP in double figures again this year IMO.

Also.... beware the EOFY sell off - hate to say it.