1 for 2 half cent loyalty options due soon

Just a rehash really of an old post, but with a relevent subject heading for those interested in small cap. speculative stocks issuing loyalty options.

As mentioned, 1 for 2 loyalty options are due to be issued soon, given the timeframe of 12 weeks from listing the record date could be as early as the 14th August.

The option price will be $0.005 and the exercise price will be $0.25, which given the current sp of ~$0.50 could see the options list at $0.25 (a fifty-fold increase on the option subscription price). IMO there has yet to be a speculative rise in the sp directly in anticipation of the option issue, so current prices may be indicative of support post ex-entitlement.

Additionally, drill results from the Jumbulyer project (foothills prospect) and Brittania Well have assays pending (~5 weeks since drilling was completed).

Historical results from foothills highlight the project is easily accessible with shallow rab drilling intersected up to "16m @ 6.7g/t au from 9m depth", while recent surface rock chip channel sampling returned "7.2g/t au over 10m" from old workings, rock chip sampling returned values between "1. and 29. g/t au" in quartz veining in the Gravel Pit (100 oz Patch) area - 900 metres to the southeast of the Foothills Prospect.

I don't know what the drill results will return, but hopefully the historical results of the foothills prospect are indicative of the impending assays (purely speculation at this stage and a variable that will either positively or negatively impact the short-term outcome).

Cheers
SBC