Shady if the shares are at high 8's you'll see many options convert imho. Particularly if drilling is announced to commence.
My point is many had the view to convert at high 8's but have chosen to see where the SP lands just before sept 20.
This person must have felt the Sp was to remain at high 8's when converted. Must have.
Ann: Appendix 3B - Exercise of AUROA, page-7
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