The options do have value NOW. That value is leverage without as much risk as you would have if you worked on a margin loan for that leverage. No risk of a margin call. Probably you couldnt get a margin loan on an EDE shareholding anyway. So if you have faith then they are a good investment. I had an order in for some if they sold low enough, it hasn't been filled yet. I'm certainly not going to cash in the oppies I hold. If the oppies aren't in the money by conversion time then the heads won't be any good either. This company is now on its way towards being a "producer". The SP should go along with that.
Ann: Prospective UK Gas Resources , page-16
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