Exercising of Oppies, page-3

That's the whole point though eerrtt - if they got free oppies they could have sold them on market, made a few $ and be done with it; or let them sit there and see how the shares goes then exercise when they're in the money. The only thing they done by exercising now is to force themselves to pay $1.00 for shares which are trading @ 97.5c. That just doesn't make sense to me.

As for PIC I think they will do fine in the long-term and even PICO I reckon should be OK by expiry, though there is only 14 months left on them. I think that management at PIC would argue that they're not buying over-priced stocks. If you read their announcements the whole reason they're taking a long time to spend the cash from the float is that most things are over-priced and they are only willing to purchase when they believe there is good value in doing so. I highly doubt PIC will be buying much in the resources sector, but we'll see. Personally I am very comfortable holding some PIC as part of a much wider portfolio. Probably the best addage with this one is that it won't happen overnight, but it will happen... ;-)