SBR 0.00% 1.4¢ sabre resources limited

Ann: Sherlock Bay Drilling Underway Testing High-Grade Nickel, page-92

  1. 912 Posts.
    lightbulb Created with Sketch. 59
    if this excerpt from the last annual report is still accurate there are 1.4billion sbro options available and if all exercised, sabre stands to get an $11.6m cash injection. 546 million are on the market. 420 million at the bargain basement price of 0.001. i.e. there are no buyers at the moment.
    Are management motivated to get sbro in the money by the september 30 expiry. could one visual of massive nickle sulphides do it?

    one thing i dont understand is why are 900 odd million sbro oppies not on the market if none have been exercised (this close to expiry).
    https://hotcopper.com.au/data/attachments/4597/4597738-8b6256a0586f45b73838a7f22d9b6f86.jpg
 
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