I should say the flip side to the options is that the 2.6c conversion goes straight into the kitty.
So 90M option converted would generate $2.34M.
Listed options would not have the urgency to convert with ascending share price, because the options would grow in tradable market value as well, leaving the company with less probablility to milk the option strike before expiry.
All IMO.
;D
WITS 2.0 in the Pilbara?, page-70
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