I may be wrong but if I'm reading it correctly the new director options (replacing soon to expire ones)as per AGM notice are contingent on Marampa being sold (or partially sold). I believe they can sell just 1% and still get their options.
I'm not sure if the previous options had this requirement but I see it as damage control.
Their Strike Price is 34.2c (118% of 5 day VWAP) which is pretty shocking given that this was trading at +50c prior to initial ATO announcement. The whole tax BS should be priced into their options in my opinion.
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- jindal article is most likely about marampa
I may be wrong but if I'm reading it correctly the new director...
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