bringing value back to the options

Most option holders are feeling pretty down about their investment right now, with the thought dawning on them that 50c by Feb 2013 might only be a case of touch or go.

Well here's another thought that you might like to bear in mind...

We know that Conti is chasing coking coal, and they are chasing it hard. This form of coal is THE most valuable out there, and can turn a strong profit even with low throughputs. With these sorts of assets in the company's portfolio, the value of the stock could quite easily turn on a dime. There is close to $40M in cash to be generated for the company if the options get fully converted; so there is plenty of incentive to get the share price across the line for the options in my opinion.

Would it be naive of me to think that DT is thinking along these lines? Acquire a well developed coking coal asset and ensure the options have some value come 14 months time?

Granted there will be dilution, but there is close to $40M cash on the line here if they pull it off; plenty of reason for the board and management to make 2012 a year to remember!