I don't mind some of those options as long as they kick in over 50c or so.
Overall there are 125.25 million options currently (not counting performance rights).
Out of those, approx 85 million are exercisable under at 25c - 22.5million has an expiry in Feb next year - perhaps these may lapse??
The balance starts at 50c and goes as high as $1.50.
Half a million had an exercise price of $1.60 and has lapsed.
Worse case scenario is 25c - still higher than where it currently trades. Overall, whilst dilutionary, some will probably not be exercised in allocated timeframe. On the flipside, if all gets exercised than all good, because the highest is at $1.50 - and that would be great.
NCZ Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
