Hi Investorluke11. I had raised this possibility with Iain, especially given that Salient (corporate advisory) was issued 50m unlisted options (ann 13/08). I was trying to ascertain the purpose of this and was advised 'raising the company's market profile' (I thought that was Iain's job, plus the 3D and drilling will do the talking). Also, in the event of any corporate action (e.g. takeover) further down the track. Queried whether there had been any approaches to date and the answer was a flat "no". Reasonable to then question why a consultant has been given 50m options when their services are currently not required. 'Tis not to say M&A won't occur at some stage and I think it will. Plus the exercise price is 3.5c - a nice increase from where we currently sit. Still, until such time as services are actually utilised, options should be immediately cancelled imo.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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