sign of faith $3.50 oppie conversion, page-43

NOW ONLY 219 DAYS TO COMMISSIONING OF THE CRUSHING PLANT

There are any number of possible scenarios on why the options were paid out early and whether the shares will be retained by the option holder or sold.

Their conversion is symbolic in that the option holder thought that by converting to shares there is a buck in it. However, in the broad scheme of things, 100,000 shares is not of any great significance being only a small fraction of shares now on issue.
----------------------------------I BELIEVE THERE WILL BE SOME VERY EMBARRASSED JOURNOS [AND OTHERS ] AND VERY HAPPY SHAREHOLDERS WHEN THE FIRST PRODUCTION STARTS AND THAT'S ANOTHER DAY CLOSER.