Ann: Application for quotation of securities - LRS, page-16

The dilemma comes in that the CGT discount does not carry over in converting the Options into shares.

I will be restarting the CGT clock on what will be a pretty significant profit. My average buy price is $0.026, so i risk forfeiting a lot of that profit to tax payable.

My personal position is that as of this week, all my options have the discount, however, I feel like the LRS share price could easily skip up to 30 - 40c once our JORC comes out, potentially another 10c if we hit good strikes elsewhere or Argentina drilling starts. That would need to happen by years end and there would need to be liquidity in the Options for me to sell them (looking unlikely).

I hope that makes sense