Sorry mn, but NZO mgmt most definitely want the options exercised. I have heard them say this publicly on several occasions. Absolutely no doubt about this whatsover.
They have their eye on a new project but they are obviously not saying what it is yet. They have assembled a staff of 17, including several high level technical bods, and not just to look at the three projects where they are not the operator of (ie Tui, Kupe, Pike).
Their existing debts and ongoing commitments to Kupe will make any new projects a stretch. They want the options cash to progress forward to expand the company.
Furthermore (not you MN), if all the options are exercised at $1.50 in cold hard cash, that is NOT dilution.
Sure there are 150M new shares on issue, but there is also $225M in cash sitting on the other side of the balance sheet. That is NOT dilution.
Man, sometimes I really shake my head on this site............ Basic mathematics is not obnoxious. Learn how to count.........
bright future, page-16
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