With >18m options expiring within the next 8 months and, based on the SP, will be exercised then there is potentially a lot of shares that will come onto the market either just prior to expiration of the Options (to fund the exercise) or subsequent when some shares are sold for a profit.
I guess the need to raise funds at some point soon (over and above the exercise of options) will also be holding the SP back. AOP need to get some good exploration results out there much like BRB did to really propel the SP forward.
Good company though and some good assets. It will be interesting to see what the next set of drill results look like; both from Australia and also Cote d'Ivoire.
Cheers
John
AOP Price at posting:
12.5¢ Sentiment: None Disclosure: Held
