PEK 4.55% 10.5¢ peak rare earths limited

placement, page-46

  1. sjl
    1,238 Posts.
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    Exercise price of those options is 55 cents, though. If they're exercised, that means another $3.4 million coming into company coffers. Granted, that's 55 cents down the road, rather than right now, so it's not worth as much to us as raising $3.4 million right now would be - but it's not "free money" unless Peak shares take off in a big way.

    and @mervh2k: Yes. We're trading down 1.5 cents (at 50.5 cents) as I type this; intra-day low so far has been 0.49.
 
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