you are correct matchbox. watso had a look at the announcement, and at point nos 8, there are 2 asterisks next to gdao , and a relevant comment "after deducting options exercised". no comment is made about the gdaob - but comparing against the previous 3b then it is obvious that gdaob have been converted.
one assumes that it is a case of "mates helping out mates" - after all, it does not make sense to exercise the gdaob's when there are buyers at .6c... in a pump, the options tend to lag a bit.
2.5 years ago, there were only 70m shares on issue and 46m out of the money options (exercise price was 12c).
corunna downs has been held for more than 2.5 years - and not one drill hole has been drilled??????? - but from memory, one report included a few words about rebuilding the pt hedland to marble bar railway
GDA Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
