You really are a bit of a dipstick. These are only worth something when the options are seriously in the money. Plus he has to write a real cheque. Real money. And lots of it. And he can only do it when he is not an insider. And with all the drilling going on at Carlow Castle and Patersons then he will be an insider for a very long time. Not just the drilling, but also the resource reserve calculation time does CC and all the optimisation work. So good on him. I hope he makes $10m outbid these options.
Ann: Proposed issue of Securities - ARV, page-11
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