You would think so right? It's a 100% premium on today's share price and it's a binding agreement.
Maybe the turn off is that JDR is a $10m Mcap company at 2.2c. They still should have over $2.7m in the bank though. Another bonus is that all unlisted options have an exercise price well above today's price and EV is around $1.5m currently.
Ann: Update on Acquisition of Austrian Exploration Assets, page-6
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