Lion (LSX) has 16.6% of the options (13.3mill) and have been strong supporters, so i'd expect them to convert. Retzos have around 8%, Simon Eley has about 3.8% and Marc and Lindsay have about 500k each. Top 20 own 60% (as at June 30th).
I think we will see a strong commitment by the top 20, or about 28mill options. The other 18.8million is anyone's guess. Will depend a lot on the upcoming drill results and announcements i think. Weak hands are freaking and selling now. @davidosan mentioned quite a few Patto's clients selling.
EGA Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
