And interestingly, Bacchus Capital, who were engaged on 17 January 2018, hold 10m free optionsas part of their remuneration. These are exercise-able at 1.5 times the 5 day VWAP of AZY prior to that engagement, ie. just over 3c They are valid for 3 years.
So Bacchus Capital have a good incentive to get AZY's share price above 3c: they make $100,000 for every cent above that. And currently they have some ammunition, and an updated AZY presentation.
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- Ann: Updated Corporate Presentation April 2018
AZY
antipa minerals limited
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3.36%
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61.5¢
Ann: Updated Corporate Presentation April 2018, page-16
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