Thanks Steve10. I understand the concept of options and exercising to become head shares, I just wasn't sure if options get included in holding counts for the purpose of a substantial holders notice.
as you pointed out, to be required to post a substantial holders notice means you would own more than 78 million shares. I was more wondering if options can make up some of this tally or just head shares - eg if you hold 70 million shares and 40 million options does that then mean you are required to complete a substantial holders notice, or only when your balance of head shares alone surpasses 78 million?
reason I ask is because we haven't seen any substantial holders notices in regards the large exercising of the unlisted options for sale. this either supports the idea of multiple sellers, (or if options are included as per the above question), then the selling could also be from 1 or 2 sellers with less than 78 million options available for offloading.
DW8 Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
(20min delay)