Never a good sign when the directors take one big step back and don't put their money where the mouth is...exercising options is one way of showing confidence in the company. The directors are usually the best persons to judge the value of the company and shares.
Having said that with WAPRC taking majority ownership and ANS issuing a squillion shares, in the theory the current value of ANS shares are only worth (before relisting) around .0051cents.
The directors are not silly why would you pay 2cents for a Share when its only worth .0051cents
Ann: Expiry of Unlisted Options including Appendix 3Y - CMD MK PM, page-13
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