Ann: Change of Director's Interest Notices - Dir & CEO Investment, page-11

Existing shares. 88,000,000

Series C options ( exercise price 25c expiring 31 Dec 2018 ) number 5,250,000

Series D Options ( exercise price 40c expiring 31 Dec 2019 ) number 5,250,000

Series E Options ( exercise price 30c expiring 31 Dec 2018) number 10,300,000 + 16,000,000.

Correct me if I am wrong. 1. If the share price goes over 25c. likely company will get 1.25M for exercise of series c options.

 2. if share price goes over 30c. company likely to get 4.8M extra from exercise of series E options.

 

Good to see Directors and  GW investing at 25c and  30c. 

They cannot  do anything more to get the  options converted. 

I am going to take up as many as I can, and  let the rest of my opps slide. 

I am thinking these shares are tightly held, and am prepared to wait 2 years for a  30 to 50% per annum gain. 

( downside is they will need a capital rising sometime next year).