ASX's most undervalued Gold Stock, page-191

The upcoming options conversion is the equivalent of a CR, so expect the SP to hover around current levels until mid-March, as options holders either sell heads to raise funds or dump the options for 2c-3c.

The positive spin is that they could be done for equity raising. With the funds received covering 30% of the total CapEx to develop the Rothsay mine and processing plant. That will depend of course on the final DFS CapEx number and any bank/financier requirements.