Hap,
Agree that Ops are stuffed. No point trying to deny it .
and the .002 dumping makes sure they won't get out ATS.
With a Sp base of .002/.003 it's going to take a
decent strike or two to lift heads to .015 for starters.
On the way up Ops holders are going to sell.
Probably @ .002 / .003 ( If they can find a buyer
keen to trade Ops)
Who is going to shell out $15K per Million to Exercise ops when you can get heads now @ a fifth of that?
What would heads have to be to make Ex a proposition ?
How many punters that are holding now , would be left on board post a .015 Sp ?
With eight months to go and the present market and the lack of activity, it looks very unlikely IMHO.
Sorry if I sound negative and wish to be corrected if wrong, as I hold a bundle of ops .
R15
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