Ann: Same Class Equity Offer (Share Purchase Plan), page-61

Yes, opts are more risky. I bought opts at 0.002 and sold at 0.006 earlier since I thought it better to take the profits while I could. I am happy for someone else to take the risk and get further gains once I have a decent return.
This stock still has a lot of risk to my mind. There is still a long way to go to get decent production. Whether they can increase their mining licence and environmental permits to achieve higher outputs remains to be seen. If the Labour/Green coalition gets into Government next month then they will find it harder. Maybe that is why they sprung the SPP now rather than later.