reply from ggp, page-54

" If they are giving away free attaching options that would be too hard for options to be in the money."

As I posted yesterday we need to know the total dilution before making such a call

I get the feeling they will raise after a major rally, off the back of flow results

eg - $9 mil may need 450 shares at 2c or say 375 oppies at 2.4c

Oppies might be 1 for 10

So 45 mil oppies in the scheme of arraound 2.75 - 2.98 bill fully diluted, the amount of oppies issues becomes irrellevant

The big risk is dilution under 2c. ( Say 1.5c )

$9 mil would take 600 mil of shares, and kill the chance of an 8c strike privce being achieved

It appears they are very well aware of such a risk, and intend anything they can to draw max value out of the SP prior to such an event

We may even see Well 3& 4 spud prior to the call