Well , it's going to be interesting isn't it . Because on the...

Well , it's going to be interesting isn't it . Because on the one hand we have a lot Shares having been issued at the 1.1 cent level. On top of this , we have 168,962,000 ' Unlisted ' 2.5 cent Options ( future shares ) lurking in the background and another 223,822,063 2.5 cent options which have have just been issued or are in the process of being issued. All of these with the same expiry date of December 31 2021......

And what will become even more interesting is when they ( Management ) will apply to the ASX for these second lot of options to be listed. And who knows, they may even apply for the Options which were previously issued with the same date. ( refer point 7. the below statement made in the Offer Document )

7.(Quotation): The Options are unquoted. The Company intends to apply for quotation ofthe Quoted Options on ASX.

So when they do list these options , we could potentially have a situation where these Options would already be ' In the money ' and could therefore be used as a way of potentially reducing ' shorter term ' risk by reducing Investor's holdings on the heads by employing ' the switch ' to the lower priced Options. So those with a say a longer term view on the Share Price may elect to or be content with this strategy.

On the other hand , there could be a significantly increased ' contestability ' around the SP being created when the sheer number of these Options become ' tradable ' . And this may also be a good thing given the potential ' unmet ' appetite we have already seen for the 1 for 8 recent rights issue.

So there are any number of ways this could drop between now and when the new shares become listed.....and also again when the Options are listed if they don't come on at the same time.

Even after they( the shares ) become listed , and depending on what happens with these Options , there could be a shorter term ' Jostling ' for movement on register , and further potential hedging and / or accumulations on Investor's holdings as well as becoming a target on any potential Investor's radar. These are ONLY my opinions and not trading or investment advice.......