Interesting debate as to whether to exercise or not. It all...

Interesting debate as to whether to exercise or not. It all depends on whether you think the company can use the money effectively.

Under old mgmt, definitely not. And I can understand MN's viewpoint on this being a player with a long period of experience in the market.

But under the new CEO, definitely yes.

Time will tell I suppose, but there is going to be a stream of good news coming out between now and June 30, especially the drilling of Momoho.

I wonder if they get it up past $1.50, whether a broker or series of brokers clubs together to encourage the exercise for the usual 5% fee. With over A$200M of exercise needed, 5% of that would be a very tidy commission indeed. Could introduce some very serious institutions to the register this way without having to bid for the shares in the market place to get a large parcel on board.