Martin, as regards taking up our option we don't know, however if things are going well the Vendor company is often happy to take a stake, eg placement shares with options etc., in our company. Hence the difficulty in making potential valuations. Scorp, the 5% factor will be more important after we get a JORC announcement. Sophisticated investors may have little knowledge of our company and are quite happy to sell their 5 or 10million shares for say 2.5c and book a 25 or 50k gain with their free options intact. Our company will receive around $6million before next June from eventual conversions.
In my humble opinion, things are going very well and slow steady rises are much better than pump and dumps. Cheers
KAB Price at posting:
2.6¢ Sentiment: LT Buy Disclosure: Held
