The top end including management hold oppies. The recent placement also came with the same listed oppies which at the time were worthless. I have spoken with management around 2 months ago about the potential for a reissue of oppies come expiry. They were confident the news flow leading into expiry could potentially put them in the money but would not rule out a reissue. I already had a stack of oppies but also got a fare amount through that placement and stated to management that 1 the placement oppies were short dated and worthless and that oppie holders although know the risks of oppies there had been major delays in bringing in a project so it would be fare to reissue due to the delays. It will be looked at closer to expiry and easy to put in motion as a reissue upon expiry at a 1:1 at say .001 with say 18>24 month till expiry. I believe if drilling does kick off soon as they say then results will be back prior to expiry and with lithium stocks turning up they may give it a real shake of being well in the money. The recent take over offer by WES of KDR may just be the trigger for lithium stocks to rise again and BMG’s timing may well be perfect for its maiden drill campaign.
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