Now that we have confirmation of the record date for new...

Now that we have confirmation of the record date for new options, I doubt that many old option holders will sell prior to AGM, therefore the amount of new option holders is relatively limited and therefore company's intention to reward loyal holders is still intact, we can move onto the next question of how heads will perform during an appreciating period for the options.


One would expect heads to be lower, they reacted accordingly initially after the small run onto options this morning but recovered as option buying is relatively limited ( option registry too tightly held ).

In order to maintain a lucrative conversion ratio one could argue that heads will be pushed up higher as a consequence of risen option price.

This would test controlling elements of "big boys" keeping share price lower after both recent rallies.


We might be in for a period of appreciating options as well as heads in the ST which would be a natural reaction to our last announcements in any case.

When observing the buying pattern on the heads this morning the Xtrade at 400k for heads at 2.8 both times occured after a short period of selling pressure.
The combined 400k and 100k buy might be our accumulators waiting for weakness on the heads after option news to buy in more at designated accumulation price of 2.8 from last week.