Hard to predict. Azure 45c options were all converted for little...

Hard to predict.
Azure 45c options were all converted for little profit.
There are 14M options. 80% are held by 32 holders with holdings above 100k.
The top 20 option holders hold 70%.
I have 2 parcels of options both over 100K, I won't be selling any stock to fund conversion and I reckon most other large option holders won't either because there isn't much depth to sell in to.
Furthermore there should be some news between now and June 30 including data on pond seepage and pumping data from the trench and bores. There will also be some feedback from the AGM.