Ann: Initial Director's Interest Notice, page-7

Agreed but LCTOA is above the strike price and offers almost 3X leverage.

So it should move over time 1 for 1 with the heads.

So if for example you think LCT could get to say 5c once Mr Latham gets feet under the desk and starts his corporate activity supported by Alignment Capital then buying the options would give you 3 times more profit than holding heads.

The options are only a risk if you think there will be zero corporate action between now and expiry.

my 5c comment is for illustration purposes only and I was using it to highlight the inherent attraction of the options at this early stage in the process.

EB