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Ann: Update on Placement - Proposed Issue of Additional Options, page-5

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96 Posts.

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11/09/19

13:56

Post #: 40382710
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Originally posted by Wise_One: ↑

My take (for what its worth) is that this is a positive for the SP.

The majority of the placement (which is word on the street) went to the top-10/top-20 shareholders.

Clearly they're not thrilled by the poor communication of the company in explaining what they were trying to achieve. I.e. find anomalous ground along the strike via air-core to then go back & RC drill at depth.

The placement was 2 tranches & the recipients probably gave management the bird for Tranche 2 - i.e. saying, yea... sure guys we'll give you 2.5c when the SP is 1.5c

The placement has then been amended to effectively triple the amount of 6c strike oppies the placement recipients receive to incentivise them to get them in the money so they can make a killing...

IMO on the next round of drilling (which is to go RC at depth on the anomalous ground) should be very explosive re: share price as the major shareholders will try to get the options in the money (i.e. SP > 6c)

Looks like a decent medium term strategy

All IMO

Expand

That's the idea behind a 'pump n dump' .

Sounds like they got you hook, line and sinker!

FAU Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
4 Upvote

1 Great analysis

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(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.811M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
40	125914625	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	49083546	21

View Market Depth

No.	Vol.	Price($)
40	125914625	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	49083546	21
0.003	137254334	20
0.004	9420024	9
0.005	9512014	5
0.006	999990	1

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Ann: Update on Placement - Proposed Issue of Additional Options, page-5

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Ann: Update on Placement - Proposed Issue of Additional Options, page-5

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