okay pen & blr, page-48

Tradersam

You got so caught up in your analytical voodoo, that you missed one critical point, Mike Haynes could exercise that option one day before it expires, which is a fair way down the track is it not? . . . . . .oooops

By then the share price will be substantially higher, and therefore, less shares to be issued . . . .substantially less!! . . . .and at that time we have a mere JORC 100 million (high grade) pounds plus, a wee coal mine ( high grade thermal ) or substantial monies in our bank account. Mike Haynes can never be accused of squandering shareholder funds, based on his prowesss, and deal making over the last 2 years, while dealing with vitriolic greenies, and severe economic weather.

If you want to make your holy grail, just pop over to that "Other" thread, they will tell you how easy it will be.

Still shaking my head

SwissB