I have been saying this for quite a few weeks now - the SP isn't going anywhere until there is information on potential revenue.
Unfortunately, today's ann indicates they don't have any revenue announcements to provide prior to the end of the year, IMO.
But it's really quite simple to management. If they want more than 10% of options converted, all you have to do is provide some further guidance on future earnings from MIN deal. For example, "if the graphite is sold at $8,000.00 per tonne, based on our intial studies with MIN, we estimate that Hazer will receive approximately $1,000.00 per tonne. Once MIN is operating at full scale (10,000tpa) in 2 years, this will result in Hazer receiving approximately $10m per year."
It's up to Hazer. Do they want options converted or not?
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