One would assume lodging an application to extend the OA's would...

One would assume lodging an application to extend the OA's would be market sensitive and if this is the case, we'd have had an announcement by now, being there's only 20 odd business days until expiry and assuming the ASX would take at least this long at a minimum to process such an application, chances are very slim at best. Couple this with the need to get shareholders approval and i think we can safely say an extension is off the table. The recent on market purchase was a pretty clear indication that no market sensitive news is on the radar. The OA's aren't completely dead but they face a very tough task. Given the massive amounts of off screen sellers (the "shareholders" that we're so "grateful" for) itching to offload at a slight profit any good news will heavily sold into, that's how these deals go unfortunately. With all of the positive commentary about upcoming milestones, there would be a certain degree of this positive news already built in to the sp and therefore i foresee alot of dissapointed holders (myself included) when this news is delivered and met with a subdued "re-rate".