more cash in the kitty

Another 11 million options just exercised, placing $550,000 in the kitty.

Its obvious to some posters and myself that the options are currently the play as they are trading anywhere from 5 to 10% discount. One has to only look at the volumes to see whats going on.

I don't understand why some investors are eager to dump their options with all the positive things happening in the near future. The options still have 13 months expiry which is ample time for the heads to reach their real worth. The price of these options should be multiple times in value by then.

It is important to note that with the conversion of these options happening regularly because of this discount and the UK brokers moving more shares across to their market, then it stands to reason that we will soon have only about 20% of the fully paids available on the ASX.

Another factor to consider before giving these options away cheaply, is that when the heads are trading above 10c the price moves in half cent increments which means the options will do the same. As such the price will increase rapidly from here as the heads increase.