"Trader, if it's a $1 at the end of the year then Jinchuan won't be exercising their #1.20 options..."
They still can as the options expire 12mths from share issue (which was to be completed shortly). So $1 by end of year, and rest or near enough by April next year. Still plausible.
But the company is a little prime to being a take-over target at these low levels. Just disappointing they continue to see the need for Capital Raising instead of using positive cash-flows from projects and building company that way.
Just more dillution for the average shareholder like myself.
FXR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held