I'm interested to know what people make of the following line in this week's announcement
"Option period is 24 months from the date of issue of the Phase 1 Investment."
The line refers to phase 2 ... whereby sinomine could exercise the option to take up another 10pc at 3.75c or the 5-day VWAP average sp. I hope i have read that correctly.
Does 24 months seem like a very long period, given the drilling and exploration is about to move into another gear? Can sinomine take up that option before the 24-month period ends?
does sinomine think the share price is not going very to be to far from 3.75c in the next 2 years?
thanks in advance for your thoughts.
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