Crude what are you talking about.
The share price is 25 cents today and the options are 6+ cents. The options today are overpriced. I really don't care what the SP may be tomorrow or in 3 months time. I base my views on the circumstances today. And WCU looks very week today.
Crystal ball all you like but I wont on this one. I hold options already by the way and have no confidence on the option price.
Why would anyone pay 6 cents today for an option that has 5 months to run and an exercise price of 25 cents when the 25 cent share is more prone to down side than up side?
People have differing views on what the SP will be in 5 months time. They are either buyers or sellers. Last look there wasn't a lot of buying for the shares or the options. Good on them but I will not touch 6 cent options until the company declares production, processing and marketing arrangements - non of which have been advised to the market and we are apparently less than 30 days from production. Very strange don't you think?
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