Inimitable, yes you have it right. The only thing is will the...

Inimitable,
yes you have it right. The only thing is will the fully paid share price be over 8c? If it is not, you would not profit by paying the 8c per option to GGP, but rather if you wanted shares, you would simply buy them on market.

As has been explained above somewhere, the options strategy really need the shares to go above 9c to be profitable. Above about 12c they will really go beserk. But that is a big risk.

On a related matter, risk, I note there has been no announcement. It makes me quite concerned, anxious, worried etc. How many oilers having delayed announcements come out with bad news? I hope they are sorting things out. Still very positive about them, but come on GGP.