Having been in the market for a very long time, this is one of the best incentive packages I can recall, for a Capital Raising specialist to enjoy the fruits of their effort and, a big upside for the existing shareholders.
Certainly, the $0.30 is a gimme for Falco making a real killing, PROVIDED the market achieves the 15 day levels on consecutive days. If anyone can think of a stock which hasn't retraced even briefly on an upward climb, one realises what a huge ask it is for the options to be exercised. This in particular for the 2010 options with different tranches being tied in to an sp of up to $2.00.
Irrespective of the early results, they are also bound by a 12 month escrow after date of issue of the options.
The 15 day cycle would also be a trigger for some of the faithful to take a bit of profit on the way through, if needed, in the knowledge that there will be another 10M options exercised.
To say that I would be delerious to see the $1.00 after languishing for so long, it would be some reward for those of us who have been there for ever, and to the management for their faith in the areas.
I am also extremely pleased to see the positive signs from Leon and the Board about the upgrade prospects in July and, the claim of the "world class project". A 15M lb project is not "world class" but the upgrade and additional exploration, obviously holds the expectation for them that we have one.
$2.00......good luck guys; I'm in your camp!
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