Yeah hard not to speculate given how little detail is in the announcement.
I've been very vocal in my opposition to the 'option' as announced because I don't agree with giving up 31% of the company at these prices and I don't agree with timing of the announcement/option considering we should be within weeks of signing a financing agreement and binding offtake with Sinoma.
Unfortunately I can only speculate how myself and the market might have reacted to this announcement if it came after financing and offtakes for Ancuabe, in say two-three months and on more favourable terms (less percentage).
We could have been sitting on 30+ cent share price and giving up 10% of the company for whatever it is we're getting from the option (can only speculate on that because of so little detail in the announcement).
Still think we'll be $1b market cap in the next 3 years.
