Hana Mining Ltd HNMFF

stock option cancellation? meaning?

[EMDe]

I see the stock jumped on the stock option cancellations re: 'catalysts' on the horizon.  Any insights into what this means?

[Raptor7]

My immediate reaction was... "Jeez, we're only allowed to issue options equal to a maximum 10% of shares outstanding and we're doing so at a peak? What were we thinking? Quick, cancel them before it's too late and we'll issue them when it's more favourable." But hey, WTFDIK?

[JohnRB]

EMDe, this quarter they are expecting a PEA, as well as, I think, a valuation to put more into proven.

[EMDe]

Thanks, John.  Appreciate the reply.