Hi all - just back from being away - did anyone else notice the sneaky 12m options that were exercised buried in that Trinidad news release? $600k of money into Ranges coffers. This seems to be the MM's and buyers in UK that are picking up options and exercising in order to transfer to AIM holdings. There is potentially $20m over the next 12 months that could drip into Ranges coffers if this keeps up. It's good for the options cause it means the arb under fair value will be kept pretty tight but it's even better for Range cause they might not need to raise any further cash next year as the option exercises bring forward cash.
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