hi hergerr
for some reason which i can't explain, it keeps getting pushed down.
every time it looks as if it might go..bang down she goes..
perhaps some might not want the options in the money..???? i doubt that.
speaking of which they expire shortly, i'd expect they'll stop trading mid jan, so that leaves about 4weeks..!!!!
grange securities have a spec buy, with a valuation of 24cents (fully diluted) based upon 35mt. latest figures are 39.5mt
i guess if the options aren't exercised then that 24cents would be higher.
worth keeping an eye on, but until it can breakout of it's holding pattern i'll sit on the fence
regards
Subject re: 5c ops exercised
Posted 09/12/04 10:45:29 AM - 84 reads
Posted by hergerr
Post #448582 - in reply to msg. #448142 - splitview
well, i think if md burston chose to exercise his options at this early stage, when they haven't even completed a BFS yet, it shows his supreme confidence in the project.
and whaddyaknow, here comes the announcement. looks brilliant- reminds me of the time some chinese company subscribed to fmg's shares at $1 a pop, when fmg shares were like 60c, of course you'd know shortly after they went over $3!! well now this society generale is doing the same, subscribing at 23c, so who knows what to expect 40c, 50c?, i'd be happy to take 30c though :-) cheers
AZR
aztec resources limited
