Ann: High Grade Gold in Extensional Areas at Dynasty, page-6

I know you asked the question of Dusty and he probably has nought to offer, but right now the options are as below from todays release.

Approximately 9.5m exercised and Approximately 17m outstanding.

You know what people are like, many are waiting until January to exercise and considering that they will sell some heads to pay for the conversion.

I can only hope that during December another 9m options are converted and after that the remaining 8m are not going to make much dent on the share price.

So my answer to your question would be why not do a CR - why wait until there is an obvious need to do so - plan ahead and control the situation don't leave it to chance.

Would not have to be a big issue to cover some of the options, another $2 to $4m is not going t be wasted here, unless they have some huge news that will lift the share price well over $1 in the pipeline - in which case wait until post the news.

Of course eventually a big issue is going to be required, we all know that - right?


The Company is pleased to advise that post quarter end, 9,484,898 x 35c options have been exercised
resulting in cash receipt of over $3.3M. In addition the Company has further strengthened its balance sheet,
repaying the $1.5M loan from Professional and Sophisticated investors.
A further 12,214,979 x quoted TTMO options with a 35c exercise price remain unexercised in addition to
4,754,820 x unlisted options with a 35c exercise price.
Holders of the listed (TTMO) or unlisted options with an exercise price of 35c are reminded that the expiration
date of both options is 31 January 2025.