Their are some inconsistencies in resolution 4 about the issue...

Their are some inconsistencies in resolution 4 about the issue of new shares IMO.

Capital Structure Now:
Shares 81,962,370
Listed Options 3,725,388
Unlisted Options 9,250,000

Capital Structure if Resolutions 4 is passed and all shares are issued:
Shares 94,256,370
Listed Options 3,725,388
Unlisted Options 9,250,000

So it appears NO free options?

But then:
Share Placement Issue means:
the proposed issue of up to 12,294,000 Shares with one attaching free option for every one Share subscribed and
issued, at a subscription price no less than 80% of the average market price calculated in accordance with ASX Listing Rules, payable in full on application.

So their are FREE options too?

Guess it doesnt really matter. The 12mil shares are need to fund exploration. And if the added cost is free options, we need to live with it.

I suspect this current selling is shortselling/arbitrage by people about to be issued shares. Sell last week at 45c, then get issued shares at 35c(including discount) next week. Close out any short. Pocket the difference.

Expect 3B out next week.