Many option holders are already paying their 10c and converting...

Many option holders are already paying their 10c and converting to fully paid shares.

With holders of options wanting to sell a proportion off now, as explained by T4P, and converting now; I would think that it would be beneficial from a CGT perspective, as well.

Does this make sense?

Say if you originaly bought options at say 3c sell an option now at 15c there is a capital gain of 12c.
If you defer a few weeks when the option rises a further 5c, and is say selling for 20c you have a capital gain of 17c on which you pay tax.

But if you do it NOW you have a lower capital gains tax liability, your shares for which you have paid 3c + 10c = 17c have a current value today of 27.5c :-) but this is an unrealised gain and so no CGT is payable at this stage, and in a few weeks the shares also rise a further 5c to say 32.5c - but by holding onto the shares to see it reach 62c or more in even the more longer term you defer CGT and if you hold them 12 months your CGT liability is reduced by 50%.

From the recent Appendix B annoucements on 30/4, 25/5 and 31/5 we can see that many option holders have ALREADY converted.

With such activity in the options over the last week and the rapid rise it will be interesting to see how many have been converted in the next Appendix B announcement.