I'm looking at the AGM notice of 2019 when JP Allchurch and PN Burke sought approval for the $0.03 options that we believe expire next month. Does the below extract mean they have to pay $0.054 per option/share (150% of $0.036 assuming today's share price will be the same when they decide to exercise the option)?
see https://www.mandrakeresources.com.au/wp-content/uploads/2019/10/NOM-2019.pdf
Ann: Notice of Annual General Meeting/Proxy Form, page-46
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