Ann: Change of Director's Interest Notice , page-4

Only 25,000 unlisted options left to be redeemed in 2011.
They are for $1.14 and expire on 27/10/2011. After that there are only 50,000 unlisted options to be redeemed in 2012. They are for $1.03 and expire on 14/09/2012. If I owned them I would buy the heads at todays prices and use them later to purchase the options if the share price is above the redemption rate at the time of the option expiry date.
The share price will probably stabilise now that the 4 million 2011 options have gone. It also saved 3 million dilution of the share capital (this was the number left to expire on 31 August 2011)
A notice from the company about any progress would be nice especially with all the increased interest at Dulgunna.
MERV