Ann: Revised Notice of General Meeting/Proxy Form, page-21

Yes, it's hard. I am thinking of selling some heads. With a little good news, one head sold will pay for 10 new options. When the SP rises the options should be around 2c behind. At some stage,selling one option may pay to convert multiple options. Say the SP got to 10c. The option price may be around 8c at some stage. For every option I sell, I could convert 4. Starting with 10 I would be able to convert 8 into heads. So I would end up with 8 heads for each head I sell to save options. This is a possibility for me. It is not advice and I welcome other views. Only time will tell.