big holder exiting, page-4

i think JG is doing the smart thing. Don't waste too much money on exploration until finance is guaranteed.

OA's should still be in the money but there is no guarantee that finance will light a fire on MYG share price.

Just look at DRM. one would think their SP would go to the moon once they settled finance but it just spiked shortly and crept lower. This is seen in other companies which have finance in the bag as well as investors begin to be cautious about risks in construction and commissioning. Chances are very high for delays and cost blowouts.

That is why options is very risky. You are betting that the SP will be X at Y point in time. Nobody knows for sure!