Very few, if any, options would be in the money. Most are...

Very few, if any, options would be in the money. Most are exercisable for amounts well in excess of the current price (which is at a near historical low).

The options are only of value if the company succeeds.

This is what we all need. Alignment of the interests of shareholders, employees and directors.

I think cancelling option entitlements that have expired (under their contractual terms) is required by law so getting the slate wiped clean for expired options is good (if delayed) corporate governance.

The main game continues to be to get sufficient finance on reasonable terms to complete the plant and get it in production. A fund buffer is also required to guard against contingencies.

Selling the proposal to a suitable major is why this whole exercise has been as painful and time consuming as it has.

I bought a another small amount yesterday.

Success may not be too far away.