why convert options in january, page-4

thanks mnb.

i guess what you are saying is that putting the interests of the company ahead of their own interests would be a reason to exercise the options.

as a personal investor, it wouldn't matter to me whether the shares were 10c or 1.5c, there is no benefit personally to me in converting - unless I want to give money to support the company to use for drilling, working capital or whatever.