$50 Million Market cap, page-57

The option exercise total figure is approx. $6M AUD and will not be included as part of the capex funding despite the rising share price.

Possible, if the company was to provide option holders with an incentive to exercise early, unlikely and unnecessary IMO.

There are financial mechanisms out there that the company could hedge its bets with and borrow early on the options, especially now as we are above $50M MC.

It can also be factored in for interest payments on the debt funding and allocated towards potential working capital, however I suspect it will be more directed towards covering the ongoing admin and corporate costs.

Looking forward to seeing the next batch of BOAs.

Great to see everyone enjoying the rising SP. WAY more to come. : ))