Not sure if I'm getting your point, if not I apologise. But his options are completely worthless if he can't do his job. Given his key involvement nobody in their right mind would buy them otc and good luck if he tries to exercise a half mil of them and sell them on market in these conditions.
They've had a delay in the offtakes but since then they have derisked the project in other ways, so the game has changed in their favour. If they can't get in done this quarter, esp with new management on board, there will need to be a bloody good explanation. At the moment I'm okay with this, but keeping a closer eye than before.
CXX Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held