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clock Created with Sketch. 18/06/16
11:01
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Originally posted by firsova
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As the options get closer to the exercise date they lose their premium , and often trade at a conversion discount 1-2 week before the date an option holder needs to choose between exercising or selling.
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Good figuring firsova ,but if 200 million are exercised at 2cents that would bring in $4 million.I am a bit more bullish on the options than you.With 9 months to run and much positive news flow ,granting of leases ,drilling program ,etc etc ,I would see options in the money very soon , even 2 to three weeks and then building over the remaining months.All the .005 options got snaffled up on Friday ,don't think they will go below that again.
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