Actually I hope Lindsay exercises at least half of his options to give the market confidence.
As for the other ex Directors, I hope they don't exercise them. With the IDC US$14m, BAI US$15m & the SWF US$10m we have ample cash to see us through to when sales commence. 30m extra shares at 5c just dilutes our holding. Once the CPs are met & construction is underway if for some unlikely reason they need more cash they'll be able to raise above 10c.
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