Warwick notes that the options "may well" raise funds and notes that the $5-6M he thinks they'll raise shortly, and that will take them to August, when he expects they'll get options conversion. Now, if he thinks they'll be getting options conversion, and that's what their financial planning is based on, there's an indicator he thinks the share price will be high enough to warrant it.
Looking forward to the Gerdau contract. Btw - they are signing with Gerdau in the next few weeks - will Gerdau therefore be exercising their options then...? Doesn't that raise any capital required and then some...? And I'm wondering if that 20T he was mentionning in terms of volume required by partners in a single order is them.
FGR Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
