The 5c strike Feb 2027 NC6OB options are telling a story.

With just under 24 months to go, these options are at all time highs --1.6c, with no sellers !!!

In the 6 months prior to the announcement of the recent placement on 13th December 2024, there were only around 2m options traded between 0.005 to 0.015

In the 3 months since this announcement there has been around 10m options traded between 0.003 to all time highs of 0.016.

There are over 30m of these 5c options--- someone whom paid 1.6c, I believe, must think the shares will be above 6.6c and I assume every other existing holders think they will be more than this. I assume this as no one is selling. No doubt this will change, but, I believe, it does highlight the potential upside that most shareholders and option holders believe there may be in this stock.

I am an optimist.