quiet, page-9

I keep reminding myself about the recent issue of 0.025 options to the geo guys in SE Asia as payment for their services and what a hint this was that things are humming along nicely behind the scenes.. No way on earth would these guys have taken payment in options at that price unless they were certain they would be able to cash in…. They wouldn't be undertaking work for nothing. Remember that is just an option to buy… Even with an S/P at 0.025 they still wouldn't be getting paid for their services. Not sure how much these guys normally charge but I'd say they'd want an s/p somewhat higher than 0.025 to make it worth while - I don't think the expiry date of 2011 is a good guidance either. Jackson Geo wouldn’t be giving customers 3 year credit terms. I just think there is a lot more going on than the market knows. I don't think MHL give a rat's testicle about the s/p at the moment - doesn't make any difference to them at these levels or period of time whether the s/p is 0.01 or 0.04. When they want/need the sp to go north I bet it does… and I bet that it will in a hurry.

Or alternatively they could be just another rrs.. (but I doubt some of the current mgmnt would risk their own previous history's and reputation's just for the weekly pay cheques and all expense paid holidays to glamorous Krickyastan.)

In the mean time I'll continue to hold - each day hoping that receivership announcement doesn't appear.