Well, after the last two days Smoke and his mates will have a breakeven on the options of about 35c and 45c, so we might not see much exercised until then. How much of the 20m volume over the last two days did they account for? The selling was fairly constant but fairly well absorbed. I helped absorb a little bit.
BTW Smoke, what value do you put on the 5 yr options?
CEO Blog 5th June, page-30
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