Ann: Upcoming Expiry of Quoted Options, page-62

Most paid for their options, myself included on market.

BRK did a placement, and the cost was almost nothing.
$0.00006 per replacement, that way less than the lowest pip.

https://www.asx.com.au/asxpdf/20190108/pdf/441qr1mwt76f9v.pdf

Now FFS, what were they even thinking about extending them, you cant. Hardly ever.

The only way that you see many, MANY companies replace expired, is with a new series, then you can change the strike , the term, etc.
You can do that with a rights approved by shareholders, or a placement at directors discretion to all who apply.

If they ever relist, consolidate, then its time that management dig down, and ask, what was the reasonable price target in the old metric, that can be applied same to the new. Taking into account all the dilution, and buggery.

TON, re-issued some 12c options, and made them 10c options.

Options holders should continue to harrass management, about going about a forward resurrection of options.
This is not the end of it, unless management are completely inept. Or heartless.

If they relist, the nature of their ethic will be demonstrated to how they treat these options.
If they remain heartless, or one sided track on ASX wouldnt extend them, without a brain in their backsides to look outside the box, then Farq them.....IF they show heart, then maybe its worth backing them for Grace etc.
Ultimately they will need money from CR, to proceed, and many here are options holders.

Replacing options CAN be done. Many companies do it. And they dont rely on ASX for a tissue to extend them, rather they take their own discretion with a placement and new series.