attempt at resource valuation, page-7

1Bacchus: I think you and I must have been typing up posts at the same time. My last post was more of a reply to wellwellwell.

Thanks also for your previous post. The information was very worthwhile.

Things will be grim for me if the share price doesn't do anything soon - won't have the funds to convert my options. Oh well, no one to blame but myself.

I really thought the heads would have run a bit by now. I think people are nervous about buying much over the option strike price because they could be expecting a dumping of the new shares if a heap of them get converted - this will drive the price back down towards the strike price. Even without any dumping, there would be some kind of dilution.

I know that I wouldn't dump my converted shares - as I mentioned somewhere else, I'd hang on to them and wait to see what transpires with further drilling.