I take Brunod's post to be much more geared to long term investors, not options speculators.
The board has basically no incentive to have the options come in in the money. Yes a cap raise at 18c would be useful but we shouldn't need it.
You can buy heads now at 10c or lock in 19c in November through options. I go back and consider them every now and then and it just doesn't stack up.
Buy and hold heads for the day we make that FID.
TNG forum for considered and general comments, page-345
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