Yes they are overdue Mulgoaman but i would guess the management are optimistic or the exercise prices on the options would be lower.
http://www.asx.com.au/asxpdf/20130429/pdf/42fjgdg6xs6wjg.pdf
Things seem a bit more settled politically in Eritrea at the moment and Chalice do seem to know what they are doing on the mining side so things are a bit brighter.
Yes they are overdue Mulgoaman but i would guess the management...
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