RNE 0.00% 0.2¢ renu energy limited

Hi 4Earth,On past form I don't think the company will take undue...

  1. 122 Posts.
    Hi 4Earth,

    On past form I don't think the company will take undue risks to meet the options expiry date (thank goodness).

    From memory I think proof of concept was originally scheduled for about the time the *last* batch of options expired early this year. Then there was the Origin promise of $9 million if proof of concept came about by last March.

    Now we've got another batch of options due to expire and we're still waiting on the same sorts of milestones - and at best it looks like it will be touch and go again for anyone holding them.

    But on the bright side I can't see any outrageous risks being taken. There aren't a lot of these options anyway so in the grand scheme not a lot to lose. And if things go the right way for them regarding the tests, they will be in a better position to raise capital anyway (and probably issue more options along the way).
 
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