Ann: Drilling Update at Ndongo Prospect , page-156

Darmsden;

Though Oppies are tightly held & cheaper to buy; I would still prefer to buy shares over oppies due to short expiry and exercise price of 20c.

For example; AUD 1000 of [email protected] x 4 = AUD 4000 of CDV @ 0.20.

AUD 1000 of [email protected] x 4 = AUD 4000 of CDVO @ 0.012 (Need CDV to trade @0.212 or higher)

CDV buy now and can exit anytime. CDVO buy now and may not able to exit at all due to expiry and exercise price. May end up loosing all capital.

cheers
JS