Consolidation, environmental approval, DFS could all happen before 31August and if they all came together 45 cents may be achievable. Even a couple of those outcomes could stimulate the market. Finance secured will see $1.00 ps in my view.
The options money has to come from the company staff and directors. If they have confidence in the progress maybe they’ll put their hands in their pockets!!
If not they just reallocate twice as many soon after expiry. Nose in the feed in stuff always. Can’t work for salary must have bonus incentive always.
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Ann: Consolidation/Split - VXR Appendix 3A.3, page-4
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