@DevPerspective did you even read the announcement? The options...

@DevPerspective did you even read the announcement? The options were exercised... The announcement is literally stating that they have been exercised and is requesting that the resultant shares be listed for quotation on the ASX...

That means the strike price (which I was referring to as the purchase price for simplicity) must be paid (albeit deferred under the cashless exercise facility).

Because the options have been exercised, the exercisee owes the company money that must be paid at some point in time. The amount they owe the company is more than the current share price. They will make a loss unless the SP goes above the exercise price...

Please re-read the announcement...