With regards to the options. I really cant see anyone converting...

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Tony barber

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19/04/24

11:01

Post #: 73422113
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Originally posted by mj873 ↑

I don't get it? So they release announcements of results without a cap raise and potentially the price runs to say 15c? I'd say a conservative share price raise considering those results. And you think that rise in shareprice will leave the company with a 'reduced capability to run the next stage'?

There is about $9m in options that strike at 13c.....some of that money would have started coming in. The company could have also gone to the people who have been in the cap raise with great results and a share price breaking all time highs giving a more compelling story to get in than what they would have been able to say a month ago...unless they were being told more than corporate governance allows.

Lastly, the cap raise was so oversubscribed they could have actually raised at possibly 12c which and that along with the results would have been bullish.

To now be sitting at 9.5c after those results is.....to say politely...is disappointing....I have plenty of other words to describe it which I wont use here.

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With regards to the options. I really cant see anyone converting them if the SP was at 15c.
You need far more clearance than that.

Converting is an expensive exercise. 1 million shares is $135,000. (I don't have that many) Why tie that capital up now when you have until January to convert?

NTI Price at posting: 10.0¢ Sentiment: Buy Disclosure: Not Held
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