my vil/vilo valuation, page-6

i would say that the options would be at least 10 or more cents below the share price if the shareprice was at 25 cents. Thats 15 cents premium plus 10 cents excerise. Makes sense to me that they should be on about par value.. or call put parity occurs and investors can just buy options say if they were valued at 9 cents.. excersise immediately and sell them at 25 cents making them a 1 cent profit (riskless)...

im pretty sure im on the rigth track here but if someone who has more expereince with options knows im wrong.. please clarify for me.

Never the less i think that options definately have the more upside because they are so far out of the money, however with time to maturity soo close i see them as pretty risky, especially if delays continue or if there is (worst case) no oil when we drill. Therefore i perfer the underlying share itself. Still at these levels is very very cheap with relatively little risk exposure compared to the options.

Happy to be in at 3.5 its going to be a good run. I see 10 cents short term if we have no more delays. if we still expeience delays i see 2 cents or around there. Nevertheless i think we will be drilling mid december to late december. Of course im guessing here but if they had 50% of the rig completed on the last annoucment.. wouldnt it take double that time to complete it and assess the situation (weather, safety) before they can start drilling? how long does it generally take to prepare a rig if anyone knows???

best wishes to all holders