As a UK investor it’s pretty hard to buy these options, so dodged a bullet with them as I would of bought some , however only tempted by B options. anyways a couple of things , if Cash raise so well received was did the company feel-it nessacary to issue options? now with A options have been dealt a death blow , the company choose to raise cash to guarantee funds to advance project now rather than betting on options maybe being executed come April. sort of evens itself out I suppose if these options expire, but my main gripe with SB is why keep issuing options to sweeten any deal .. simply doesn’t makes sense now with proven gas play on verge of CPR , damn frustrating if you ask me.
in my time trading on asx , god you Aussie CEOs love dilution. I was told by a well respected UK CEO , never trust an Aussie CEO they are all liars and charlatans. I laughed it off , but somehow it rings true with the continual dilutions I have suffered at the hands of Aussies.
RLE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held