Ann: Nova drilling update , page-28

There is atleast another 68 Million options that are listed between 20c and 60c exercise price from 2012-2016, plus who knows how many unlisted or oppies that have and will be exercised soon. All those oppies have potential to be exercised, plus many more. Think again if you don't think they are being sold into the market at $2.00+, the sp may rise to $4.80 as some may think, but eventually the options will dilute the sp accordingly and down the track punters will get burnt. Don't worry there's a few small clauses in the rules where directors are not entitled to disclose disposal notices.