Given the share price at the time I was impressed that one in ten, almost, were exercised.
Indicates some belief that the price will go up in the future and that there was some gain in giving the company the money, at 12 cents per share rather than buying them off a fellow shareholder wanting to get out.
Now, lets see if the price rises with possible rise in price of silver and/or company getting closer to production.
More importantly, will they need to issue more, say at 14 cents with free 25c option attached, if the price rises above, say 15 cents?
MMN
macmin silver ltd
