General Chat, page-7616

It could make some sense to issue options to existing holders. That would make some sense, to satisfy existing investors about the dilution they're incurring (if US listing is at a discount).

The increased options on issue would make the US listing price slightly lower, but it would be an overall positive for satisfying both AU and US investors. Keeping them both on board for the long term.

Then we'd have funding to push through to PFS, US investors get in cheap, and ASX investors have an option over future upside from drilling/PFS.


But I'm unsure whether that's a possibility now, with the US listing already moving through the pipeline.


As for your idea, issue options and work with what we have: I fear the SP wouldn't reach the options price, because a raising is always hanging over our heads (suppressing buying demand), so we just run on fumes (slow burn progress toward PFS, adding 1+ year delay).