WITS 2.0 in the Pilbara?, page-70

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happyonlithium

2,180 Posts.

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24/09/17

14:54

Post #: 27421965
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Originally posted by happyonlithium ↑

Good to see the sages arriving to save our souls: with respect.
;D

KAI have a main tenement with potential and what appears to be the correct geology/nearology that backs on to Novo's.

It's taken a while for management to get their act together here so a price spike leading to a tidy CR with unlisted options to assist drilling/exploration is a pretty good deal for SHs IMO.

As an aside, some say the unlisted options are no different to the listed options. BS: why would I pay 2.6c to convert options and maybe sell at 2.6c-3.1c when I can hold the options free carry until maybe the price is 10c.
If they were listed, they could be dumped at any moment with no need for conversion at trading value.

Also, at least management have been smart enough to capitalise on the story, raise some coin, and start prioritising what appear to be some very promising tenements. 1.9c from where the price was over the last few weeks was pretty good: I thought it was going to be much lower.

This is a spec stock and it has great credentials so far.
Anything is possible on this one and the nearology successes and potential take-over/JV speculation will fuel the FOMO for sure.

All IMO.
;D

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I should say the flip side to the options is that the 2.6c conversion goes straight into the kitty.
So 90M option converted would generate $2.34M.

Listed options would not have the urgency to convert with ascending share price, because the options would grow in tradable market value as well, leaving the company with less probablility to milk the option strike before expiry.

All IMO.
;D

Last edited by happyonlithium: 24/09/17

KAI Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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