All,
Posting after a long time on ORD thread... What I would be making out of this actions and announcements is when I look at the unlisted options, I feel its very clear that I would put my target price by end of 30/9/2011 to be in vicinity of 40c+ i.e atleast 300%+ return in 5mths IMO......
There are all the signs that this could be easily achieved based on the rate the company is going about doing the business... Will not duplicate post which other well informed/researched posters have to say about the possibility of future announcements..But this is close to 48% of the unlisted options available for the management.
I think there is no doubt that management has got their feet on the ground to make this happen and reward themself for the hard work...
So IMHO, my ST target would be atleast 40c for which I will be very happy based on the amount of shares I hold and no plan to sell even at this level if it reaches...I am holding them for a long term..
This is from the announcement dated 4th Jan 2011, "31 Dec 2010 Unlisted Options Expired"
Numbers on Issue Exercise Price Expiry Date
17,000,000 A$0.40 30/09/2011
5,202,000 A$0.05 31/03/2012
1,878,609 A$0.075 31/03/2012
11,500,000 A$0.10 26/11/2013
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