One could also conclude that one of these coal deposits must be extremely worthwhile given they have underwritten options with a strike price of 7c.
In regards to an earlier comment about issuing shares to pay their salaries, I'm not sure Patterson's or their clients would underwrite a placement if that were the only motivation. There must be something worthwhile they are all gunning for. It would be nice if all other shareholders knew what that was.
Either that or the current board are better spinners than Warnie.
CGV Price at posting:
2.9¢ Sentiment: None Disclosure: Held
