There is every chance that the options will come into play and...

There is every chance that the options will come into play and will fund cervantes if things go well .
I would like an underwritten rights issue with oversubscription rights at near the current share price and no placement .
I doubt that the underwriters would be left with a big shortfall if any and without the placement overhang the share price much more likely to advance over 4 cents by the end of year to get the options home.

Present share holders should be rewarded .
We stayed loyal when we could have abandoned ship .

Would MAY take up their allotment ?
If not , oversubscription rights would chomp that up quick enough because they will be a bargain .
We all know that anticipation of this capital raise has suppressed the share price , not the exploration results.