Not being negative but wouldn't GS be an option to finance from given their position here? Also 50% of option 2 could be a considerable amount, 20mill x 50c (in the instance sale price 80c) for instance without investing a cent of your own money, all borrowed funds for no more than a month or 2? One director is ex fortis isn't he? He'd surely have finance in the bag via them with a sale in sight?
Having said that I believe they'd easily have the votes to extend too if they wanted.
I'll be watching with interest upon their decision.
MAE Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held