Yes I might do that at the time .. IF those prices apply at that...

Yes I might do that at the time .. IF those prices apply at that time....but compared to the SP of heads at the moment , I prefer to have (say) 3.9x as many oppies for the same value of heads.
As the discussion has been on the market "being held down"...on the fundamental earnings outlook at the moment I don't think the question is going to arise. I am more interested in having a longer term position in the context of an estimated SP 12 months forward. ... So agree with you but I am going to keep ALL alternatives open until we see precisely the dynamics at year end. My view only Cheers