question from dan2001, page-2

Dan2001, sorry Dan, wrong conversion date in the last post, the conversion date is 2010 not 2012. corrected below...fs.


...."The directors are aware of this and as a sweetener to the consolidation, have announced an attractive bonus issue post consolidation of one free share for each 8 shares held. On top of this , they have also announced that post consolidation, shareholders at the time ( details yet to be confirmed about the record/ ex entitlement date), shareholders will receive three free options for each 5 shares held by the ex date. The options will have a conversion date of 2010 which means there is a long period for the value of the company to put some runs on the board through it's exploration programs which can increase market cap further.
As an example, say you own 1,000,000 shares and no options, the shares become 100,000 shares post consolidation and you get 12,500 bonus shares to add to your 100,000 shares. You also get 60,000 options for free.".....