has ng converted his options yet?, page-7

Mal

Yes , that was my initial thought that they were NG's options. I discounted that theory, as there was no asx announcement stating so.

Note say NG didnt have the cash to exercise the options, and needed to raise some funds by selling some options, then he has been really smartdoing a deal this way. If he dumped 5million oppies on the market the price would tank.
Hopefully he will use the $500k to convert some shares. But who knows, he may need to pay some school fees.

As the leader of MCO, NG should convert ASAP. It will have a huge impact on SP and would surely motive all option holders, bar day traders to convert. To say we should do it first is not gonna happen, yes some will but the Garling family own the majority of the company anyway and there conversion will have a snow ball effect on SP , and conversion rates.

Does anyone know of a plan to convert the mined ore into cash, or does it simply have to wait until the company have enough cash into the bank to purchase a processing plant.
chers
Pistolstar