AAM 0.00% 2.0¢ australian industrial minerals limited

expiry of in the money options

Currently unlisted. Proposed listing date: WITHDRAWN
  1. JID
    3,579 Posts.
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    Seems strange and perhaps worryingly shows little faith by a director in not taking up 1.5 mill in the money options that expired 31-12-09.

    Given that exercise price was 35c and current SP is 37.5c makes you wonder.

    This is especially so given the amount of announcements that are due out soon regarding recent discovery and first gold pour.

    Even if it was roughly even, you'd imagine it would have been a good opportunity for a director to pick up a lot of shares at a fixed price if he knew there were good announcements due out...

    Any thoughts?

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