I think he was maybe factoring in the exercise price but there is no need to exercise if you are making that sort of coin, probably just sell them all or maybe hold onto a handfull for conversion & LT hold just in case it becomes a Woodside story.
When I bought CTPOA I was thinking short-medium term CTP target price 30c-35c and CTPOA 6c-10c. Long term more upside IMO.
