Sorry karll - typo copied from shaneshanes post- so there !Re 65...

Sorry karll - typo copied from shaneshanes post- so there !

Re 65 mill new oppies issued I meant approved per Appendix 3B to ASX on 10.07. Anyway after EGM 19.07 we will have a better handle on how many options will be outstanding - from memory some 48 mill more vest to Freestone at a 0.15 hurdle.

In general terms the best way to make money on options is to get them as attached freebies on floats, rights issues, renumeration packages (free or discounted) or employee incentives (hehe). Buying out-of-the-money options on the open market is no guarantee of success, despite greater leverage and whatever Black-Scholes "fair value" may be. Not to discourage anyone of course !