Ann: Application for quotation of securities - LRS, page-23

I think I understand - it sounds like CGT considerations are a prime consideration for timing of options conversion.

Wouldn’t that mean the holders of the remaining 218m oppies would be keen to convert them now rather than waiting all the way until December, as this would mean their CGT discount is already done by October next year rather than having to wait till December.

Or are the remaining LRSOC holders waiting to see whether the JORC gives us some sort of exponential SP increase in which case they could sell into the rising pricing + liquidity?