how long has the prop been there at 2.50, page-8

Forget an issue at this level - they have bags of cash and more coming in as the last options are exercised by end July. More than enough for their big exploration programme. In due course they will need something like $400m for a spur line if they go that route - but that will be financed around $10/share plus in my opinion as they will have reserves and a done deal to do that. The options sellers are probably some selling a few to get cash to exercise their balances - don't forget options have to all be exercised by end of July so only a few days to go - and there are some big holders there who have to write out some serious cheques even at 20c. Watch the company announcements on this. Meanwhile options still offer some excellent buying - this morning a 10c discount to the ordinary. Thank you - I bought them! A sucker is born every day - the world belongs to the brave who use their brains rather than things like Wall Street driven emotions!