Ann: Application for quotation of securities - LRS, page-13

This is the exact amount I'll be needing to convert... And I'm losing my mind over the right decision to make coming into the expiry date. My 12 month CGT timer has been hit on all my options, which makes the decision harder.

It looks like the options are losing value as we get closer to the date, ie. people don't see the point in buying Options as a lot of leverage and liquidity has disappeared from them.

The next 3 months are going to be enormous for LRS as far as how the company is defined. I'm edging a lot closer to committing to another 12 months, converting my options and holding out to the eventual DFS for Salinas and in the mean time seeing what Latin is able to do with it's other resources in Argentina, Cloud 9 and Peru, as well as how much we can grow Salinas in the meantime... As a 35 year old dude, if this goes well, it has the ability to be a mini life changer. Excited.