With around 4 or 5 mil in the kitty ampersand, and running costs...

With around 4 or 5 mil in the kitty ampersand, and running costs to be covered, and little to no revenue this year from MIN, How else will he fund the 10mil demo plant???

Even if ALL the options were converted, $$ would still be a little tight, but that isn’t taking into account any ARENA funding, or offtake agreements..

Remember that in the previous announcement, they wanted to announce the demo plant in Q1.

Now let’s say half the options get taken up and the kitty is still below 10mil, Geoff may pump the sp and organise a capital raise to a corporate. Your holding is still being diluted, AND these things take time. By the time the pump up happens and then the paperwork goes in and completion of the capital raise is done etc. that’s gotta be a month and a half..

As you know anyone running the ruler over hazer will know they need capital, which is always offered at a discount. Who would be involved in the pump?

The best option for time, and for $$ is the options be converted Imho, and there are holders who hold too many to convert. As they were going to sell some to convert the many, and as jad and coco and low key and Dougal have all eluded to at some stage, they would rather not convert then sell for nothing, and that’s me too.