Loyalty option should be finalised soon and with the $0.01 cent cost for the option, once people do the numbers the share price should move considerably higher. No doubt come record date they will fall but if people get in early they maybe be able to execute a free trade (obtain option) with a $0.20 strike on a stock that sits next to SIR. The option is currently $0.40 cents in the money and even at a dilution of 50% (double the issue of shares) would still be in the money by $0.19 The more interest and higher the share price moves pre record date the more ridiculous the play becomes. With more sampling happening this month with results and interpretation due end of month, timing of the prospectus may be interesting.
BOA Price at posting:
40.3¢ Sentiment: None Disclosure: Held
