Nadia,
I am following mhl since 2007. The options is worthless with or without extension. Also mhl shares are worthless with or without conditional JV-s.
The company is listed in ASX for two reason:
1) spp-s.
2) Insider trading.
Sometime there is spike of the sp but there is no real business for this company. This spike bring new fools and great for insider trading.
I am afraid this company is mining your pocket!