3B is issue of new securities to anyone (eg placement / conversion of options). 3Y is change of director’s interest notice.
262m shares on issue. ~54m options on issue. But only 36m of those options are placement. If all options come in the cash balance goes up by another ~$16m!
If directors converted the company would have to issue a 3B and a 3Y.
All the indications from how hard they fought to stay involved with the Company and from recent on market purchases the Directors are true believers and putting their money where their mouth is.
EEG Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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