announcement should be due tomorrow?, page-3

abro085

There is an announcement due on the drilling from the northern end of Castle Hill. Very hard to know what will come out there because when you look at the map the northern end is more underexplored compared to the southern end, however I would imagine any good results should be very positive.

The PXGOA's have hardly moved and imply a share price of 37 cents if exercised, way above the PXGO's. So it would seem that once the O's are exercised then the share price should recover quickly.

As for the short-term it depends on who has the greater agenda. Patterson's probably want the SP to go below 20 cents so that less options are exercised and they get a greater commission for placing them. On the other hand, a larger shareholder might want to drive the SP up so that they can offload some shares and exercise some options. Of course you need buyers to do that.

Hard decision at the moment. Personally I think I'm going to exercise my PXGO's unless the SP goes below 20 cents when I probably will buy on market instead.