When I meet him at the beginning he said that the options will cover all drilling and the JORC.
When I spoke to him a few months ago I asked him WHY he wanted the extra 10% on top of the 15% that were granted at the AGM...
He said both times...the first time with a sneaky smile on his face..."something may become available and we want to be ready."
NRG is cheap now but, I'm not sure I'd want it anymore...yes they have a JORC but for only 500k. Do you really want to pay 15M+ for a extra 500k when you will probably have 2-3M ton JORC yourself in 6 months?
I think JP sees everything that's going on over there and GLN SHs (which JP is the 2nd largest) are in for a treat.
IMO
DYOR!!
General Discussion Banter GLN, page-1218
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