The last time he converted his options the price had to be 4c or over for an average and for 20 consecutive days......He had millions at 0.0075c and the price crept below 4c for a couple of days and a danger of going lower until magically out of no-where a Proactive Investors piece came out in the nick of time and helped get that average he needed to covert his oppies massively in the money.....To be fair he kept them all and rode it all the way back down with all of us.....
These options just needed to go in the bin as it is just not good business for anyone to convert and pay 4c, but now nearer the time for the SP to gain traction i would pressume that he will be buying on market around the start of the new year and lead the way with a little confidence from the BoD....Lets hope so anyhow..
The coil looks like its tightening somewhat and not much risk for the next few months and 1c should come sooner rather than later..
Have a good holiday all
Best wishes
Matt
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