There is another aspect that no one has mentioned. The offer reduces your risk. Instead of 4.7c at the moment you are risking only 2c per share. If for some reason the results are not good, you lose less money. If the results are good the share price will go up and all is good. I like the idea of enabling or investing to get the next drill done. I like this company.
Ann: RLC rights issue of options, page-30
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