MAN mandrake resources limited

I'm looking at the AGM notice of 2019 when JP Allchurch and PN...

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    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)?

    https://hotcopper.com.au/data/attachments/4762/4762188-407aa5b3a17bbc7617d08ba0f332bdc9.jpg
    see https://www.mandrakeresources.com.au/wp-content/uploads/2019/10/NOM-2019.pdf
 
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