Ann: Non-renounceable Rights Issue Offer Prospectus, page-119

'option as well at 0.1/0.2c to break even'

I guess for any long term holders it may be worth buying the options and selling the shares, and just holding on to see if 4c can be hit at some point in time? If this occurs with too many holders, then 1c will not hold too long.

For those that believe in the company and have a conviction that 4c will, one day, come to pass then why would you hols the shares at 1c when you can have 10 times the options at 0.1c. Far more up side on the options for those folks.

May be what is going on over the past few days, all the trade is one way, folks selling into the buyers at 1.2, 1.1 and now 1c.

'A modest chance that a break even trade could occur at 0.8-0.9c ' - agree, think 0.8 will be hit over the next couple of weeks once the buy and sell side volumes gear up another level.