Warwick Grigor Corporate Adviser to MRF, page-8

I wouldn't have said it if I wasn't serious, alpaka.

I might be living in an alter world, but over the years, most of the big investors that I've seen become interested in a stock are actually willing to pay cash (either via placement or on-market) for head stock, which also attracts voting rights for those serious enough to take a meaningful stake. e.g. how did WG enter Talga?

On the other hand, what I would essentially call free options (considering the actual work done and how much time it would have taken) is usually the play thing of brokers; which makes sense, considering the work that was actually performed.

Having a number of options series out into the future is fine - nothing wrong with it - until you realise that the vast majority of options series on the ASX expire worthless and 1) are a tax writeoff to the shareholder and 2) don't raise the company any funds.

End of the day, he's only one man anyway, so whether he's in or not, MRF will control their own destiny with their drilling, negotiations, capital mgmt and luck, which is always required in the digging game. You only need to look at George Soros' disastrous investment in NGE to realise that even those well above us get it wrong too.