Interesting question Dollarsandsense. I was initially quite...

Interesting question Dollarsandsense.
I was initially quite frustrated that this came out before the V offtake or Feed, but seeing the SP bounce off the CR price makes be wonder whether people are expecting more news before November. In that case PB has looked after the faithful, locking in a low price for holders before announcing.

I won't be doing anything tricky like selling - seems to burn me more often than not. This will go one of 2 ways - price stays above 12 cents or we get positive news. In that case I'll partake and suss out after if I have too much. Nice to have a couple of options there with some great upside for 12 months.

Other way is no news and it drops to or below 10c. I likely won't take part in this case.

Each case is compounding - the higher the SP the more we can expect people to take it up, the more people oversubscribe to catch as much surplus as possible, the better the raise looks etc. And on the other hand, the lower the price the more likely its under-subscribed and looks really bad.

PS November 4th is the cutoff.
1 for 9, 10c price, includes free 12 month option at 18c strike.