Ann: Hits Of Up To 56g/t Gold Boost Imminent Resource Update, page-6

My thoughts are that they may not want to release an upgrade leading up to options being converted. Why would you want to dilute your share price @ 25c when you know that your fair value now is significantly higher.

It would be in management's best interests to minimise the # of options converted and raise money at a higher SP further down the line.

Brokerage data shows strong selling continuing with Patersons as major seller for EGA and EGAO.

Cheers.

DYOR and GLTAH.