as the options have now stopped trading i dont see them extending them
one possibility may be to issue another batch of options to existing shareholders with say a 30/6/12 expiry in the hope that the sp will be a lot higher than...such an approach would be seen as being loyal to shareholders
option 2 could be that they have secured some dedt finance but i see that as unlikely given the current state of their exploration
3rd option which i see as the most likely is that they have found a big brother and they issue a large amount of stock at say 15c...this then gets the cash in and gives them plenty of room to move with their drilling
anyway we will all know on monday
either way i suspect the sp might now have bottomed and the only way is up..subject to usa getting their debt ceiling issue resolved
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