Hi Pachino,I think the lack of trading of EXMO is a direct...

Hi Pachino,

I think the lack of trading of EXMO is a direct indication of a current lack of confidence. Because of the time frame there is a greater risk, but I believe that as soon as the heads price starts heading up through the 2s the EXMOs will take off. At the moment you can buy 3 times as many EXMOs as heads, and if the heads continue to go up without the options moving, the leverage will be even greater, perhaps 4 or 5 to one.

As you suggested, it is definately in the company's interest to have these exercised, the 5 mill+ in cash will be very useful, and I'm sure that if progress is made as has been announced there will be absolutely no problem with these short term options being well in the money. I hold a stack of the EXMOs and I am very confident I will be well rewarded for holding them. It's all about risk versus reward, and at the moment they carry a higher risk and therefore offer a greater reward.

Regards all

littlefish