RR1 7.14% 1.3¢ reach resources limited

Does everyone keep forgetting about the 1.28 billion options...

  1. 2,913 Posts.
    lightbulb Created with Sketch. 237
    Does everyone keep forgetting about the 1.28 billion options exerciseable at 1c? That's 12.8 million to the kitty when these are exercised.

    Hope Jeremy is doing some smooth talking in the background to some of the larger option holders to convert early. Could easily fund the company for an extended period without raising.

    Alternatively a short term financing agreement (like LRS did following their initial hits) could be announced alleviating any CR fears once drilling starts. Need strong drilling results for this to be viable though of course.
 
watchlist Created with Sketch. Add RR1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.