Ann: Application for quotation of securities - DVP, page-27

Last week total value traded on market was $5M. The amount is lower than what is needed and there was no change of sub holder notice. So unlikely BB sold any to pay for the options. The key thing to watch here is if BB do sell any shares upon issue of options. But low likelihood given the stated objective of 25% ownership.
Note that the Chairman exercised his options one week earlier than expiry, so that is a sign of things looking up.
After options exercise plus mining services cashflows they should have over $50M in the bank. Mining services was already cashflow positive since the last quarter. The banks like to see healthy cash balance and positive cashflow. This will set the company up nicely for finance next month in the new financial year.