put pressure on directors to get info , page-29

If a T/O is on the cards at a price higher than the ex price on GAUOA, it would make the company more costly to aquire.

Assuming a planned T/O at 27c, SLV would have to pay an extra 7c per new option converted to shares.

If a T/O is on the cards, and the options are allowed to expire before any attempt is made, those with large stakes might come out better due to less dilution.

-> IF <- a T/O is planned, then a lack substantial progress might be deliberate, to facilitate an easier sale?