Ann: Change of Director's Interest Notice , page-6

why would you exercise options when u can buy them outright on market for less....would be kind of stupid i think. Nothing to do with confidence in the share of tasman...you would say its just common sense. Carrapateena took 50 drill holes to find a good economic grade. Olympic dam took 10 to get a good grade after 9 barren and a few with a sniff of what was contained close by. We may be close to a discovery hole....just need to keep looking

Pete