4c fair value ($30M), 8c short term target ($60M), page-483

Hi, so no expert but my understanding is:

Options are issued giving the right to purchase shares at a "strike" price at some point in the future. These particular options were issued to shareholders who took up more shares in the recent raising, with a strike price of 2.75c on the 25th July 2022. You have the "option" on the 25th July 2022 of paying 2.75c for your 65,000 shares, if you take up I think that means you will effectively have paid 4.35c - the hope (for us all) is that the share price is way above 2.75 and for you way above 4.35! Then we are all "in the money".

(If I'm off the mark please could someone point out the error of my ways for both of us!)

Now you'll be able to sell out before then depending on your risk appetite and/or opportunities to make multiples of your original investment.

Good luck