They have offered a safety net for those who held options, cost...

They have offered a safety net for those who held options, cost of extending for a year half a cent
now option holders have a small window and maybe a market to sell into if they do not wish to subscribe for replacement options

A strong message that the directors are perceived to be looking after holders while at the same time offering a formula that may bring in the cash to put toward their Mt Garnet feasibility