Ann: High Grade Zones Drilled and Validated at Antas, page-76

Awoonga,
Since you've surprised me by responding with some actual opinion and not some reverse logic rubbish I'll reward you with an opinion of my own.

Your statement:
"The 10c options expiring in 2018 is a fact. A counter argument is to say that the value of the options and the time of expiry has no relevance to what our directors expect in the future. Hello?"

shows your total lack of understanding of what transpired. Absolutely the price of the options has no bearing on where the SP is expected to be. If the Directors could have gotten away with 5c they would have. Why? Because, obviously, it would mean they would make even more money. The lower the strike price the better for them as the more money they make. Not related whatsoever to where the SP is expected to be. At the time I bemoaned it as I thought it was way too generous and the price should have been 20c. Many others believed it should have effectively been 0 (zero) because if they could achieve what was being asked of them via milestones they deserved all they could get.
The limiting factor for them was what they were able to achieve in negotiations with our new owners who collectively own over 50% of the company and who approved those options by tagging some onerous conditions onto them. They were saying if you guys can make all this money for us, then here is what you can have for yourselves.

You think the 10c is linked to their expectations of where the SP is going to be in 2018? HELLO!!!