Re PRM and PRMOB -
On the strength of the ANN – per this morning's Post #: 7038493AND
- presuming the Company is awarded the Leases soon
AND
- the SP for PRM rises to above 2 cents within a month before PRMOB’s expiry date of 01 Sep
at that same Exercise price, of 2.0c
will those Oppies be worth anythingby that date.
If, as I expect, at THIS stage,management also thinks that PRM’sSP will not get to 2.0c by say 01 August,
then the Company couldsalvage something from PRMOB holders by making an offer of, say :
1 new OPTION for 1 PRMOB held on 01 August, at an EP of say 1.0c, or
2 new OPTIONS for 1 PRMOBheld on 01 August, at an EP of say 0.5c.
That kind of offer has been madebefore – by some other micro-cap oiler spec I was holding years ago i.e. it gotsomething worthwhile monetarily, rather than get nothing otherwise.
“Better to try & fail, thannot try at all”.
Both PRM & PRMOB could be good DT's once the Leases are awarded.
