RE: Investor Forum27 Jun 2022 12:05
@DRB83, I'm not sure what Bill's is earning, but a lot of it gets taxed.
I do know that he has to save up and pay £225,000 for his share options that expire on 10th Sept 2023.
With options the price is locked, so no need to pay until near expiry.
He has 55M Share Options locked in at an average of below 0.55p. He doesn't need any more shares.
If he started to exercise them now (over 1 year before expiry), I would be concerned that he might be wanting to flip them.
Main backer of UFO is Bennelong/Richard Shemesian who has significantly increased his holding earlier this year and has held from the start.
Remember what he posted:
"Before FMG, we created Aztec Resources which became an iron ore producer in 2007 after Mt Gibson’s takeover bid for $300m. I firmly believe #AlienMetals will become WA’s next DSO high grade iron ore producer if you have interest see LSE code:UFO
Low capex and high grade, low market cap $
Watch this space as UFO takes off!"
https://www.linkedin.com/feed/update/urn:li:activity:6929142479392784384/