"I notice that the prospectus uses a theoretical calculation to value the new options at 61c. It will be interesting to see what the market says about that."
61c for an option that far out of the money is insane IMO...each option to share conversion would be a cost of $3.11 on todays SP. 35% higher than the heads and the heads have no expiry.. This whole option issue isn't going so well.
directors intentions in respect of entitlement, page-7
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