I sold all my shares and bought 1 million PRWOBs from between 1.5 cents to 2 cents, as they were in the money. Now they are stuck.
Do you know how many PRWOB's are on issue and not exercised. If there are only a few, I don't think there is a conspiracy to keep them out.
I am very worried, but I also know that as soon as I sell the Company may come up with definitive feasibility study, project finance, development proposal and environmental management plan.
On Monday Andrew Mortimer announced that the project finance is in final discussions, with non-dilutionary debt finance to complement already agreed equity arrangements. The definitive feasibility study on Barnes Hill is nearing completion, with receipt of the first comprehensive draft being expected next week.
Still living in hope - as I believe the the company has good prospects, but worried whether they will take the options in the money by end November.
I am holding since purchasing heaps during the NT norlisk incorrect/ambitious announcements.
PRW Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held