conversion of options, page-3

A fair swag were soaked up today with but a tad of indigestion.

Government (HC poster) foreshadowed the coversion of options last week (pegged by him/her at 35 million options, if I recall correctly). I thought about the matter and concluded that active working capital management is king in my book. I support the exercise, and .052 today was fleeting. The market had all night to think about it, and similarly decided in the affirmative.

Digging in for 12-18 months of waiting for the resource to emerge, all other things being equal. I'm just delighted that PRE, with what they have already intersected, won't present holders with a discrete off/on "no, we only drilled dust/yes, we found something" proposition! However, proving up what is there will take tens of months, IMO.

Cribbed from the book of Rabbitoh!