garry the exercise date is not till 2012. You should not at this point be worrying about 12c (op price) plus 25c (op exercise price) not equalling 26c (share price). the name of the game is to get as much exposure as you can because the upside is fantastic. As I said earlier, if you don't believe in the upside then don't buy SXP as it is just a speccie. Buy something safe. Personally I would not be surprised in the slightest if the shares were 80c by xmas and the ops 60c. Do the math and work out what will make you the most.
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