400mw powers 400000 houses half of sydney, page-26

Hello Scottsimba,

I continue to hold a large parcel of options, betting they close in the money, with the exercise date arriving on the back of what should be very encouraging HAB1/HAB3 flow test results.

Barring further market collapse, the options remain appealing to me, although at this late stage I prefer the FPOs, and, if I were accumulating (I am not), I would find more value in the FPOs.

However, to just give a simple opinion, I think that whilst we may experience further turbulence in the markets, the options are likely to expire in the money.

Before you listen to my opinion, bear in mind I thought (and said) the same about GDYO, and that they closed their last day of trading at around 2c, or roughly 20c from my average buy price. Even the surest bet can go astray when you place a time limit on it.

GRK FPOs are, at present, the better exposure by my standards.

Regards,

tawny