unlisted employee options

Dear All,

I was just reading the recently announced 2012 Annual Report and noted that on page 63 is listed 2,875,000 options with an exercise price of $0.40c expiring on 6 November 2012. The total value of the options at that price is $1,150,000.00.

There is also listed 1,750,000 options expiring on 6 November 2012, but the exercise price is $0.20c. They are in the money of course, but would it be silly to presume that there may be an announcement/s to try and get the share price above $0.40c to make the exercise of the options worthwhile? Would it be possible in little over a week to get the price above $0.40c from its current price or is there a general expectation that the options will lapse?

I look forward to your collective insight.