That's a ludicrous and completely unfounded theory. We'll have both Jewell and Rangers in production by then, netting a significant % of our market cap in annualised revenue.
For the options to expire worthless in June '22, the heads would have to be priced at less than the strike price of 1.1c; thus a further 50% reduction in market cap from the current levels. If you genuinely believe that theory, WTF are you holding?
Keep in mind also that many of those "big holders" (as you've stated) are also holders of free options that were gifted in the capital raises over the course of the past 12 months. Why would they want to write those off?
That's a ludicrous and completely unfounded theory. We'll have...
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Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $109.9K | 9.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10848681 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 22910913 | 18 |
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