buy depth continues to build, page-12

re: buy depth continues to build...captain salty.. Rogues Trade...

I put to you the options will not be trading at 1.7c when the shares are trading at 35c...lol

They can however be expected to trade at a discount due to the issues you raise...for those converting however, this will represent a cheap entry.

I for one am accumulating them with a view to conversion...and I suspect most options holders, once the shares are clearly over 20c, will be looking to do likewise.

For me right now...the options offer me high volume exposure to the upside in the heads (via conversion) for very little initial outlay...buy them under 4c...and use the conversion money for the next 6 weeks on other stocks.

GPN is not a very good comparison in my opinion.

JPR will be cashed up (close to $11m in cash) after the spin-off and a prime candidate, given their tight share structure and limited stock on issue, for a backdoor listing scenario.

Cheers!