Agree. An excellent time to enter or average down/up.
With an expiry on these options in just over 2 months time at 25c, the company will be very confident of lifting the price above this level by then. Expect a bounce on the announcement of drilling in the next week and initial results some weeks before the 23rd April. We all know it takes just one hit. You would have to expect a 50% return over the next 2 months.
Ann: Bonus Issue of Private Series Options to Shareholders, page-63
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