Say sp shoots up and pass 2c mark, what's stopping the free-options-holding pip flippers convert and flip again?
Is current cash flow and cash at hand sufficient for acquiring 6000 undeveloped acres? What is the time frame and budget of achieving such goal?
BRK needs some stellar news by year end to have 675m options ($aud 13.5m) converted and banked. That will be a sizable dilution though.
An updated T20 for both shares & options would be handy.
I'll keep watching.
Selling the royalty acreage, page-45
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