You can't buy 12c options. Bell Potter was given 12c options as part or full payment for the placement. See the announcement.
The entitlement (right) @ 6c is not underwritten. If you are a shareholder, you can apply for up to the amount of your full entitlement. You can also apply for any shortfall (the entitlements that others didn't want) if you have already applied for your full amount. It's spelled out on your entitlement form.
BLG Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
