Then Management should have held off setting the options price until the stock recover off it's perhaps self-induced low.
$2.52 is an insult to the shareholders who put up hard cash to get and keep this project going. They have 5 years to "earn" a profit on the options, they now in the money after a month !
How do think Dundee's client's now feel about paying $4.00/sh to fund the much need equipment to take this projct to the next level.
It's not the fact that Management get options, it's the opportunistic price they choose.
I would also question the quantity of options some of the sub-standard Directors previous got and the fact they didn't stay invested, again bad optics
