Based on the purchase of a $0.003 option (with an exercise price of $0.005) – this means they value it at $0.008 – which is exactly where the share price is trading.
Options expire in less than 60 days
Stop being so one-eyed like Tompo – who now thinks I am a disgruntled ex employee simply because it fits his narrative.
I think those with tunnel vision on here need to stop making everything fit your narrative (that GMC is this successful enterprise). The facts remain that:
1.6 billion options expire on 21st April – it is likely most holders will sell down their stock to purchase the options
No DSO (despite it being imminent for over 3 years now)
No commissioning of smelters
No news on funding – receival of next tranche
No mine site acquisition
There are real reasons why this has fallen from over 2c to $0.008 in the last few months – please think about them in the context of your narrative.
Bid for the options is now $0.002 - and not much depth there for option holders. They will need to come up with $0.005 if they want to convert to shares! (and how do you think they will fund this requirement???)