• Company stalls the drill before options expiry.
• More holders convert options believing that a positive drill result is more likely possible because there is no negative looking drill result because the drill has has been stalled.
• Company now has more money in its coffers due to more holders paying to convert their options into shares because any potential negative drill result has been stalled.
This is just an answer to your question.
I don't believe this is actually happening though.
Ann: Zapato-1ST Drilling Update and Option Expiry, page-78
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