Noted the following input:
"Macquarie puts share price at $1.70 assum tapis oil at $88 for 08 and $88 for 09.
Credit Suisse at 1.68 wti oil price at $90 for 08-09.
Lash"
The stock must now be be price rated in the market on the probability of option conversion.
Actually Captain the positive side is that the options are at $NZ1.50 not 20 cents like many option issues.
nzo 1.54 in nz, page-12
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