With the options at the moment totally out of the money. I was thinking that it might be better to use the money that I have stored away to buy mco shares rather than exercing my 400,000 options. As it would work out cheaper. And then sell my mcooa for what ever I can get for them near expiry.
400,000 x 25c = $100,000
$100,000 at current sp would give me 555,550 shares....
The reason that I'm thinking this is that I don't think the share price will get any where near 25c by dec 31st as that would be a 39% increase from todays sp.
I don't think that morning star will have any great news from now until the 31st dec. I know that they will be trying to get their first gold pour before then, but that did nothing to FML's share price so why would it do anything for mco.
All you MCO bugs thoughts on the next couple of months sp would be appriated, eventhough I don't expect any replays.
Cheers,
Carlisle
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