Hi Lungi, the expiry date of exeo is 31st March 2011 and the exercise price is 20 cents.Now just say that a large jv comes on board ,which seems very likely as Exomas potential resource is huge, and looks after the drilling for a percentage and the market really finds this a positive then the share price will head north as will exeo.Just say the sp went to 40 cents you would probably find exeo at around the 20 cent mark.So you could trade the options or if you wanted to exercise the options for fully paid shares, you would have to give the company an extra 20 cents to do this.I am just new to all this as well I am sure I have got this right if not could someone please correct me on this.Good luck huge upside on this one if they can prove what they think they have. Regards James
EXE Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
