The effect of options exercising will be like an anchor towards 7.5c which is the cash received per option.
This cash will be useful to the company as capital for development of corunna, which the company will need for future cash flow. It is therefore in the company's and shareholders interest to get these options over the line. Maybe they can generate the cash with current production, within a short time frame. In which case the options will be exercised anyway because the company will be seen by the market to be strong.
AGO Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
