Just checked and there is a new buy order for 5,000,000 units at 0.1c. This individual is quite literally taking a gamble (hopefully not the same person for their sake). You would need $200k to convert those options. Someone with that kind of money would not be putting it into a speccy hydrocarbon exploration company.
They are hoping that the oppie price will increase in the next 5 weeks. That's not happening IMO. Gives a lot of other people an opportunity to escape with at least something... You can dump all the oppies on them. They will have the same problem as us soon except there will be no-one else buying.
I would just cop the loss and move on. Maybe jump ship to BRK. If you want oppies again (lol) they are only trading at 1.1c now and conversion only costs 1.1c. So they are "in the money" as of now. You also have 7 months left until expiry.
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