Well dargie while not all the options may be taken up but I...

Well dargie while not all the options may be taken up but I think with the amount of buying activity going on in the options quite a number of them will be converted.

I would suspect that more options will be taken up and converted than are allowed to simply lapse. Because I believe the share price will remain sufficiently above $NZ 1.50 to make it worthwhile.

I also suspect that David Salisbury will be aiming to get them over the line too. He might be embarrassed with riches by the end of June but I am sure he will find a use for it all.

Even $ 180 million in from the options would be a nice haul.