Morning Oscarone,
I don't know what your investment or trading style is.
However, if you are prepared to be patient and sit on them and do nothing for a long time, the options are worth taking the risk providing the premium is not too much.
Consider that at present we have the SXPO sitting on .14 cents with an exercise price of .25 cents to convert by 31st January 2012.
Now at present the FP shares are .22 cents.
IMO the options are not good value @ .14 cent.
If they were .13 or less then i would be buying them before they spike.
I have accumulated some at around .12 a while ago.
But only in dribs and drabs as the sellers do not want to let go. What also makes it hard is that its a tight registry with many holding on and will wait.
I agree with you that it would be good to get some more before the AGM as i think they will enter 2008 with some very high expectations and maybe farmin agreements once the drilling and surveying goes into fullswing.
The LNC MOU has already shown some advantage for SXP.
A farmin or MOU from a major would definately move the shareprice.
ATM i only have these in my Super, so i have plenty of time on my side.
Mark my words, Mr Andrew Andrejewskis, MD is very switched on and with his previous experience in PIRSA
knows exactly how to get things done.
Unfortunately alot on HC expect things to happen overnight with companies.
I bought some CNT around .10 cents nearly 6 or 7 years ago and CMR for around .30 cents 5 years ago.
Both tips came from people on HC.
At the time the guys who gave the tips were considered ramping. Yet, after plenty of research it was obvious that they were going to be good longtermers. With CMR, i did buy and sell a few times in the early days as i still wasn't completely convinced that they would grow.
I like the strategy of getting my feet wet.
See how they go over a period of time and if the story continues to unfold, accumulate. Otherwise dump them.
Early this year i bought UKL and watched them grow.
After a while i became less convinced that it would be a good longterm hold. Decided to dump them when Grigor decided to get more involved recently with the MON/UKL merge. That was my decision. I may be wrong down the track. However, there are plenty of other potentials.
When it comes to trading in and out of shares regularly, i have already been down that road and have lost heaps doing it that way. However, spotting a company with some potential, and doing some research makes all the difference
IMO.
I will continue to hold and see how it pans out over the next couple of years, unless something drastic happens.
Good luck with your entry price.
Cheers markco2
SXP
sapex limited
