why option expiry should be extended, page-3

*$55m capital input with ideal timing for development of Pathfinder & Birch
*provides capital to continue exploration
*Options were an incentive for placement recipients to take up the offer - will generate a lot of resentment if they expire worthless, and therefore company will loose investor shareholder loyalty
*many probably bought options based on the erroneous communication from the company in the second half of last year (I did) - the company has admitted a fault here. Natural justice indicates that those buyers should not be punished for the companies error and we will be if the options expire worthless
*the head share price is being held back by the uncertainty of capital requirements and therefore cap raising/options expiry. Tidy up the options uncertainty and the head share price will rally - putting the options closer to the money, that will lift the head share price - and so on. Chicken and egg stuff...