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clock Created with Sketch. 26/11/19
19:09
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Originally posted by stockpicker0907:
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I called up Myanmar metals today and they said they would rather the options expire worthless because and I quote "there would be less dilution" they said they are happy to take the money but it doesn't bother them either way, as they have enough cash to get them through to construction. the big boys got their fill at 6.5c and it's in their interest long term for options to expire also. hence the reason there is no exploratory drilling or releasing of positive news flow. ASIC WILL BE INFORMED, but I doubt they will do anything about it.
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Originally posted by stockpicker0907:
↑
I called up Myanmar metals today and they said they would rather the options expire worthless because and I quote "there would be less dilution" they said they are happy to take the money but it doesn't bother them either way, as they have enough cash to get them through to construction. the big boys got their fill at 6.5c and it's in their interest long term for options to expire also. hence the reason there is no exploratory drilling or releasing of positive news flow. ASIC WILL BE INFORMED, but I doubt they will do anything about it.
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So you spoke to the office boy today. Disappointing attitude by the company especially as the instos came in at over 6c. On the other hand this plays nicely into the hands of an acquiring company in 2020 (Perilya) ? With Argonaut failing to support the company I have lowered my takeover price to 10/12c .
