Ann: Placement and Rights Issue to Accelerate Project Development, page-40

Hi @wombat777 thanks for this. Much appreciated.

I have a question regarding the options if you don't mind. I have never traded or brought options before, in fact since I have been investing I haven't really taken much notice of them until I had a share last year which had about 600m shares and about 200m options. I think the exercise price was about 2c if i recall and after the SP got to about 10c lots of the options were exercised and  immediately sold on market which capped the SP for a quite while and each good news announcement saw more sold into. Since this experience one my concerns with NVA has been the huge amount of options both listed and unlisted available as well...over 1/3rd of the capital is options with a strike price of 3.25c. I know most have an expire date in 2020 but just wondering if others see this as a concern too as the SP rises and for someone new to options what kind of SP range would you realistic expect people to start converting them to shares?