Looking at Ian F Oppies will he convert these Oppies;>>500,000,...

Looking at Ian F Oppies will he convert these Oppies;

>>500,000, Options exercisable at $3.00
on or before 11 July 2011<<

Yer right...

Seen stranger things happen yet this seems like a major ask. These Oppies will drop off in July 11- surely. As he buying on market for a fraction of the cost.

Did he really think the SP would be over $3 in July this year... sure if Iron Ore was about to be loaded on the trucks as scheduled later in the year then sure thing.

Ian was stating last year that production Q2 2011... now Q4 probably Q1 2012 if he gets the money. I gather intersuiss will put up most now...they will be paying above market yet will get an attached Oppie.

Very unsure if i will take up my entitlement. As I can buy on market nearly 10% below the deal...How much the Oppie worth...maybe 2-5c I gather.

If you very bullish it maybe worth purchasing the Oppies for amazing leverage when they come on market in a month or so. I gather they will be tradeable like TRFO.

Ian finding it hard to raise the funds at this time... he should have tried long ago... this has been dragging on far too long and many key dates never been met.

It is a roughie with high risk yet very high reward... Intersuiss taking a real punt with Ian IMO...