not happy to report.., page-3

For the information of all shareholders, In order to exercise these options, the board has to pay on average 73c per share. So right now these options are worthless - how have you valued these options at $3mil, Smity? If it goes to $1 - I know i'll make a killing and that's all that matters, if unx goes to $1.

I think its time for some on this board to go to the ASX Learning center and take a quick course on options and how they work.

Funny how Bannerman's CEO and employees received a stack of options just over a week after a takeover was announced and we heard nothing from smity - interesting. If that same thing happened with Uranex he would have gone off.