First Week: 14-17, page-35

Hi @moesoeloe, to get the loyalty option, you needed to have purchased GPX via the IPO.  The options are exercisable at $0.25c, expiring three years after issue. Investors got one option for every three shares they purchased.  They don't apply to shares granted via the in-specie distribution (the conversion of IXR shares to GPX shares).

If an investor sells down his or her holding in the first three months after listing, then some or all of their options will lapse (the number of options to lapse depends on how much the holder has sold down).  The fact that a lot of IPO investors won't be selling will continue to support the sky-rocketing shareprice.  There are also limiations on MMG (major shareholder) and Directors in terms of when they can sell shares/options (12-24 month escrow periods).  Again, this is supporting a stable, tightly-held register, and should support the share price moving forward.

Definitely exciting times - growth industry; world-leading quality of product; very keen (potential) offtake partners completing due diligence very soon - when we hear confirmation the shareprice will rocket up even more; mining licence just around the corner; investor roadshows in two weeks so the story will start to spread rapidly. So much blue sky ahead.

Buckle up and enjoy the ride!