It certainly makes sense to have the registered office in Melb....

It certainly makes sense to have the registered office in Melb. But really, you are waiting to buy at 30c instead of buying now at 25c supposedly to get a free option? That would mean you currently value that option at least at 6c right? And you would “buy them all” now at 25c except for that option? If you really believe in the future value that highly why not support a successful cap raise by buying them all now and forcing the price above the cap raise price, then sell a few later to take profit and buy the options then.