australias newest gold producer-congrats mgmt, page-16

Yes Andres, they could but they don't have to fly.

That's the risk I took. All depends on the heads.

Assuming:

If comp. wants to secure the oppie conversion and has asked a broker to support them then the broker could keep the heads at the level as they are atm.

That means traders and non-converters won't see any reason to buy oppies as there is no incentive to do so. Sooner or later the broker puts a 1 billion oppie order at 0.1c to catch all the oppies, converts and sells later into the buying side over a long period of time to recover their investment and a possible profit.

The most oppie traders / st - investors will not buy until there is a 2 or 3 line margin as we approach expiry date.

So, to take out .4c I think heads must be at 3.6c to give oppie buyers a reassurance it is worth to do so.

It's a high risk for me and I hope it will pay off before Christmas as I don't have 100s of 1000s to convert my million of oppies.