It would not surprise Bargold to see it on the last day of November (they often release on the last day of the month) but I certainly do hope we see the BFS this month.
Don't have a problem with the Options. With juniors I would rather see Options as the means of reward for key personnel and employees rather than higher salaries and bonuses. Anything that preseves capital. I don't think an 8c conversion price is unfair considering the market price over the last couple of years. I don't think any of their options have been "in the money" for many years and they have just lapsed.
It would be nice to see a share price of 10 cents or more shortly. At a price of 10 cents plus if the employees converted all their share options that would give a paper profit divided amongst all the employee option holders of $400,000. This would be a small reward for employees who have seen a project come to fruition.
It would represent about a 5% dilution to the current number of shares on issue but supply $1.6m (they do have to pay for them) in extra capital......no problems.......
What do you think of the extra territory they have aquired Bargold as someone with a good knowledge of the region and the old workings?
Your comment - "However I agree end of month is more likely so as to bed down the gift of director options at the cheapest possible price - options that look to be in the money from the start!!"
....... that sounds like a vote of confidence in the project if I may say so.
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