I certainly wouldn't oppose Faldi and Co exercising a few at 3c...

I certainly wouldn't oppose Faldi and Co exercising a few at 3c as a vote of confidence. Peter Wall and the other directors did something similar with Pursuit recently and it has done wonders for the share price... although that was at a 20% premium, rather than a 200% premium! Anyway, we can all hope... if they do - great news, if they don't well not the end of the world as we don't have a great pressing need for capital anyway. The 2c oppies also expire later in the year which might be more realistic to generate cash at this point.