Ann: Appendix 4C - quarterly , page-21

CT

everyone who participated in the rights issue got the options for free remember - so we received them for nothing as an incentive to partake in the rights issue

if they expire because the heads aren't quite at 8c and the options do lapse, it won't cost holders anything, only those people who have loaded up on them on speculation

IMO they are a 50:50 bet of being in the money and may just be a worthwhile punt at 8c

It all comes down to if news comes out on US negotiations, striking another MOU or LOI in Asia and the Brazilian distribution agreement getting signed