Wow, i'm confused again, if they have 40.6 million options with a zero conversion price, but they are not allowed to increase their holding in the company, it means that they can either (a)only convert as more shares are issued to fund the plant (b) sell the options to someone else who can convert them or (c) sit on the the offer selling shares to allow them to convert the options without raising their capped holding level. As such they may have just created a printing press where MTR sits on the offer selling ordinary shares and the converting options into new shares, looks like this share price may not be going anywhere if thats what they decide to do, as they may, as MTR still has funding commitments on the other joint venture areas.
MOD Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held