"The PP Price is likely not dictated by UC in this case. The four month hold will likely mean presure on the share price late this year. Don't forget the warrant element which leads to futher dilution does it not?"

Yes & Yes.

And to counter the SP Pressure later this year they will have to come up with some very significant Drill Results before then.

And to counter the rather significant further Dilution Effect due to the Warrants they will have to continue to come up with VERY Significant Drill Results over the next 18 months, and using the current Cash on hand plus the proceeds from the PP.

Old Joe

PS: Wishing these current Funding/Options announcements convert into "Kick Ass" near future EVENTS!