Hi CrinoAt first glance, the options may be a LOT more valuable...

Hi Crino

At first glance, the options may be a LOT more valuable that the heads IF you see a blue sky future for CDY.

Hypothetically, if Quest wrote to CDY to confirm the completion of the NSCLC and mesothelioma tests and announced a date for roll out the SP could double easily.... and if Evolis sales remain strong it would go higher. If (very hypothetically) the SP were at 5c the oppies could be valued at maybe 1 c or five bags on what they are now. At 6.5c for the heads, the tails could be worth maybe 2.5c (15 bags). If the Vista / Wiseowl target of 11c were relised the oppies would just sell as a discount share.... at 3.5c under the heads price or 7.5c or a SIR like 37 bags.

The downside risk of the options is that if not all of CDY's the pipelines realise pay dirt they could remain just out of the money.... even if the SP makes reasonable gains Options would suffer from any future dilution more than the heads would and become less liquid than the heads should the market for CDY shares turn from (a still hypothectical) bullish bearish mood at any point.

Realistically some holders will sell a few heads to buy the oppies for the reasons I state. Some traders and investors may buy heads prior to 28 September to get the oppies cheaply. IF (??) there is good news pending solid ST gains could be realised from the oppie trade but as usual options come with higher risk.

Hope this helps

cheers