Well.....I see that there is nearly the same amount of opts @ 1.5 c( exercise price ) due to expire before 30 June 2021, if they were exercised then the company would have nearly 1,4 Billion shares on issue. I don't think they like that idea , so I tend to think that the share price will stay where it is until after the opts expire . I would not pay up @ 1.5 if the shares still trading at 1.3 & below, why would I pay 1.5 to exercise when I can buy on the market for Less ???........hmmmm unless prior to June they come out with some U Bute announcement.......that makes the shares go to say 3c + , in that case I would exercise the opts at 1.5 and then sell at 3c +...100% + profit.........if it was me running the company I would wait until the options expire in June only a few months now and then come out with a U Bute announcement , the shares go up and then do Capital Raise at higher price , they will need extra funds to drill in the future.
anyway just my thoughts, time will tell Cheers D.Y.O.R
GED Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
