GMC - FA, TA, page-14

Effective placement price is ~ 0.009c given the option package.

So fair value for options is ~ 0.004c.

That is assuming stock is going to gravitate towards placement level.

The pending placement will require sophisticates to release shares above this level to free up funds, so I don't expect it will hold above placement level for too long.

Commiserations to holders, this Indonesian cornerstone investor debacle has been painful to watch.