"The sellers side will go blank when the announcement goes out. Maybe there'll be one seller up around 7.5-10c"
So let me get this straight jgj0578. All one has to do is buy Cluff Resources shares and wait for the announcement, and, hey presto, they never have to work again. 4 to 5 times their money guaranteed by your good self. Wow, amazing stuff!
Exercising of employee options could be good or it could be bad, who knows? The point is that there is a possibility it could be bad, as much as it could be good or irrelevant.
Anyway, the announcement will tell all and for the record, I do think it will be somewhat positive, maybe with a target of 10-20MT of DSO. I just personally wasn't prepared to take the risk at this stage. I'll wait to analyse the geological report myself when it comes out. Once it comes out we will all actually have something solid to base our research on. At the moment it's just gambling.
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