This is a bit odd to me. The directors would not pay for the 25 cent options. I guess I was correct 'wondering' if they had the cash in their pockets. So instead of the options, GNX has just done a placement. To whom?
At least that takes away any pressure from a director exercising options then needing to sell to pay for them. I would guess this twist of events would be positive for the share price. And the price really has been 'steady' around 27 cents, I think with the market 'wondering' what would happen.
Mind you, I dont like that GNX needs cash for working capital. But I guess this whole process moves like a glacier.
GNX Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
