options for a hedge

HEG Issuer Name Hill End Gold Limited
Description Option Expiring 30-Sep-2009
Shares on Issue 54,218,158
Price (previous close in cents) 1.2
Market Cap ($) 650,618

These options have 25 c to pay and 1 month to go.

these represent a good way in FOR THE LONG TERM....they are just that....paying 1c today and 25c in a month (you must have the cash resource in HAND).

I suspect that we will hear results of the latest round of drilling.....to see visible gold means many oz/ton....I hope the company does a composite of these veinlets to get a overall mineable width.

I am sure that if these come before conversion date options will be a great % mover,thus giving a discount on conversion.

I have been to two company presentations and results todate are far ahead of stated position......this company is a gold producer and will be a greater one in the long term.

Options are as safe as houses,provided you convert.