This announcement, know makes sense to me.
A little birdie told me that, the drilling will be done on a cost basis.
So it is only fair that they get free share's / option.
The drilling crew will be hoping that we hit high grade's of gold, has they will be rewarded with the increase in share price.
Another thing that has also caught my eye and that is that the option's CAN NOT BE LET OUT, in other word's they can not be SHORTED.
To me that is fantastic new's.
IMHO.
Regard's
Rossi70
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8.4¢ |
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Mkt cap ! $53.98M |
Open | High | Low | Value | Volume |
8.4¢ | 8.5¢ | 8.2¢ | $68.44K | 810.7K |
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No. | Vol. | Price($) |
---|---|---|
1 | 98187 | 8.3¢ |
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Price($) | Vol. | No. |
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8.4¢ | 133793 | 1 |
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No. | Vol. | Price($) |
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2 | 2500 | 0.084 |
2 | 110235 | 0.083 |
4 | 198790 | 0.082 |
1 | 6173 | 0.081 |
3 | 160000 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 570000 | 2 |
0.087 | 621206 | 3 |
0.088 | 400000 | 1 |
0.089 | 30000 | 1 |
0.090 | 610465 | 3 |
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REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
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