I interpreted it as that at the time of ann...plus 'under the rules' they can could continue to trade in negative cashflow until early next year regardless.
My thinking is VRC will have to provide enough incentive for options holders to convert them by the end of December. Hopefully the 1000 tonne deal is successfull gets the sp up enough for that....but l am wondering if the Chinese are funding mining and transport the 1000 tonnes Q3....or how and who? ...there are still a few missing pieces to this plan imo and clarification, sooner rather than later, about these issues would really help sp 'up' and encourage options convertion imo. Interestingly, the ASX has been notified about the 'funding' issue some time ago now but l feel share holders have not been fully informed and sp struggling as a result atm. Maybe VRC timing their run for a 'pump' closer to Dec but it's all a bit 'open-ended' atm....the sp run up late last week was encouraging but fell away again this week and only amounted to confusion as to why. We need an update from the Co imo
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