watching closely, page-10

Ok, in answer to your queries below:

I assume by options target price you mean the exercise price of 7.5c. Nothing happens when the share price reaches 7.5c and beyond. Options can be exercised at any time, however, by paying the exercise price of 7.5c per option (this is in addition to the on market price you paid to acquire the option initially). You will then be alloted one ordinary share for every option exercised.

Option exercise price is always 7.5c. This does not change no matter what the share price is. So if the share price is 50c (waiting for that day). it will still cost 7.5c to exercise each option.

The expiry date will never change, and is 30 June 2012 for the listed options. If you do not either sell you options on market or exercise your options by 30 June 2012, they will be cancelled (lapse) and you will have no further right to convert them into shares.

Hope this helps.