Ann: Letter to Option Holders, page-5

The oppies will only be in the money IF the company announces some major developments like an offtake or update on their gas project.
Otherwise we will keep drifting into oblivion.
It does however seem like a major shareholder selling. Surprised there hasn't been a change in substantial holder announcement. Will find out soon I guess.
But the options seem like a write off here.
LIOOA strike price is 12c with 1 year expiry. With estimated production 1st Q 24 with ~ another 10mil capex after spending 2mil on equipment, management will have to find money somewhere if they don't get that into the money. Some wishful thinking that they bring some newsflow to get those options to convert. Otherwise with a depleting share price we will be diluted down insanely. It's time for Tom to step up and steer the ship back the right way imho...