PEN 5.00% 10.5¢ peninsula energy limited

at 0.006 I would be buying over a million of them. If the heads...

  1. 2,988 Posts.
    at 0.006 I would be buying over a million of them. If the heads go back to 10c you would expect 10c options with such a long expiry to be at least 3-4c, or a 5 bagger, and you would add an 8 bagger for every 5c above that.

    No, I don't think they will be below 1.5c (or not until June 2010 at least - if the SP is below 10c at that time that is) and if they did fall that low would be very quickly snapped up.
 
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