Ann: Trading Halt-MZN.AX, page-206

You are both right, but i tend to agree with TA more on this. In my opinion it will be the drill bit that decides the fate of this company not the options. If we get similar or better results than KDR then the share price will be many multiples of 2 cents which means the options will be in the money and converted. And will be easily absorbed as traders and investors will climb in big droves. So i would rather the options be converted than not.