I think you missed the point.
Continuous disclosure allows a company to hold results if data is incomplete, sure. However, if this information is (somehow) available to a group of investors who are trading on it, then the Company, and its directors have an obligation to state as much - they haven't, and to release that information so that it is an even playing field - (currently) they haven't.
If the drill results are announced and the share price rockets to $0.20, then theoretically, the options were worth $0.07 (7 cents) each.
Given the price movement, on the associated volume, this is not a completely unreasonable position.
There are some large options holders, maybe they care, maybe they don't. BUT, if the drilling results are released and SP does go to $0.20, then it is quite arguable that NXM (unreasonably) withheld price sensitive information.
The entire landscape changes based on the price movement & volume. It appears someone(s) were buying for a particular reason. Hence the 'adapt' comment. You can't plead ignorance and/or things are completely normal when 10x the normal volume goes through with an assocaited 30% price movement. That isn't normal.
If the options weren't about to expire, this would be standard NXM stuff. However, given there is now a event that can be readily used for identifying loss. It becomes very interesting. So no, the options cannot be written off as a "non event".
Also, as an FYI (in case you were not aware), what I am saying is actually the complete interpretation of ASX Listing Rule 3.1, and its excpetions. See below, 3.1A.2 is what your analysis excludes.
https://www.asx.com.au/documents/rules/Chapter03.pdf
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