Ann: MRG Metals' Proposed Heavy Mineral Sands Acquisition, page-125

thanks mate, your reply is much appreciated. your thinking makes sense - you are less concerned about the fair value of the option at this precise moment but more about the medium term share price movement. paying eg 15% over fair value for an option is inconsequential when you're hoping for multi bag returns on heads! I like this super-leveraged approach for trading shells... if you're lucky enough to build a position in the options or better yet get some free options in a raise. will be watching mrqob closely this week. cheers & gltah