Peru Drilling Permits = Around the end of Q1 2018, page-5

Hypothesis: buy through to options being in the money.  It isn't that significant an ask.  

Rationale:  9-10 AQDOA holders have a significant AQDOA holdings of 2Mn+.   JPM Nominees has 10.2Mn; Jetosea Pty Ltd ~5mN, Buckland Capital 4Mn, Exploration Capital Partners 3.5Mn, BNP Paribas Nominees 2.5Mn as examples.

Chi-X + ASX trail to 3.5c is ~$70k or ~3Mn shares (see below).  No asks on Chi-X for some reason - despite trades today.

If one of the large holders wanted to really increase their stake over a very short time period by cashing in in the money opportunities, this would be a finger-licking-good way.  Heck, if I had 4-10Mn I'd be getting excited at the thought at increasing % held.

Asks:

	Column 1	Column 2	Column 3
0	Price	Volume	Dollars
1	2	174999	$3,500
2	2.1	330000	$6,930
3	2.2	604471	$13,298
4	2.3	100000	$2,300
5	2.4	880951	$21,143
6	2.5	299142	$7,479
7	2.6	300000	$7,800
8	2.7	30000	$810
9	3	50000	$1,500
10	3.3	40000	$1,320
11	3.7	114000	$0.04
12		2,923,563	$66,080