unlisted options & funding

There are 23m in the money options expiring 31/5. Directors own 16m @ 30 cents, and it will be interesting to see if they convert them all. If all are taken up it will inject over $6.5m into the coffers and added to a possible cash injection by a potential off take partner, they should not require any further funding until next year at the earliest.
My preference is that none are converted, but that is just wishful thinking on my part.

cheers