back to options, page-6

Aberfan

If you have a long term view of the company (ie. you would hold beyond October regardless) you would do better to sell your options and buy the FPOs. If you will be definitely converting (or most likely) it will currently be costing you 15.6 cents for something you can buy *now* for 10-11 cents.

The options are trading at a premium - so the shares have to be trading at 16 cents to make your purchase of the options worthwhile due to the 10 cent conversion price.

Otherwise, you can hold as I said before until the start of Sept. Convert at that stage if the price is above 10 cents, otherwise buy on market for whatever they are selling for.