I just noticed that 10,000,000 options/warrants are due to expire 31st December this year at an exercise price of AUD 0.25 per new Share -they were issued back in April 2020 to a consultant (believed to be European Energy and Infrastructure Group) in consideration for services (over a two year period) and particularly in relation to the subscription by CEZ for 51% of Geomet.
At such a low price they will obviously be exercised .
So they will need to sell at least 3 million shares to cover the exercise cost - For a free carry they hopefully sit on the remaining 7 million shares!
On the plus side another AUD 2.5 million dollars heading for the bank - and thankfully KC hasn't been too dilutive (at least our retained 49%) lol
Maybe our seller!
EMH Price at posting:
84.5¢ Sentiment: Buy Disclosure: Held
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