Ann: Appendix 3B Options Conversion - 30 Sep 15, page-21

IMO, the option conversion is a form of cheap marketing.

For the $1,000 that was spent converting the options, an ASX announcement had to be issued, people read the announcement and wonder why some one would do that. Online forums like Hot Copper than light up with discussions such as this.

Some will read the options conversion announcement and decide to do more research into LSR, some may think the option conversion was not a great idea but buying heads at 2.4c or 2.5c is a great idea.

For me, good to see the options be converted but in the overall scheme of things, just a bit of background noise.

The real noise will come when the drilling results are released to the market.