If there is even the slightest of chances that this stock is going to fly over the next year, (something that I read constantly on these pages from posters) then options exercisable this time next year would have to be the bargain of the century. $12.5 grand for 500k options seems like a reasonable punt to me especially if full GMP is “imminent” and can be believed from Roby’s tweets. Options will move a lot faster than heads if we get positive results and verifiable revenue streams so the 2.5c premium is nothing if we are at 20c a head share by next year. Do the math.
Given the history of announcements made on the basis of anticipation rather than reality, even a full GMP reality in the next few months will work for me. This along with any other achievements that generate revenue that they always appear to be on the cusp of, will be a bonus. If anything actually transpires out of the Varmco deal then that’s just an extra bonus on top.
MXC Price at posting:
6.1¢ Sentiment: None Disclosure: Held
