exrecise of mxro options by cob 30 june08, page-6

you are spot on sentia, the funds can be electronically transferred before the close of business on Monday the 30th of June. (see communication at the start of this thread from the company secretary). If sending a cheque, option holders would need to play it safe and allow for mail time frames.
There are 8 remaining business days including the 30th.
Regardless of the share price, I am converting all of my MXRO as the current share price is irrelevant to me as the availability of funds to convert are tied to the conversion time frame.
My confidence in the forward MXR share price makes converting the MXRO a bargain either way.
By converting the options, it also maintains my weighting in the company. ( and helps fund the exploration which adds further value to my holdings :-) )
I sold some of my FMSOA ( which was like cutting off an arm) to fund the MXRO conversions.
My average buy price for FMSOA was .007c and I see similar value in MXR.
The comparisons between the current MXR "if" value and the Flinders shares potential ,when I bought them, are remarkably similar. :-)