At the moment there's less risk buying the options especially as an announcement on the MOU could be pending before they expire. The price could just as easily head south on the outcome, but if they go up you'll be in front.
Paying the exercise price is not a foregone conclusion but if BRL can sign off on the Take-off and MOU then I bet it will be. IMO option holders should have their cheque books ready.
The announcement in the newsletter that the State Government is "committed to seeing the development of the project" is probably enough for me to take the risk and pay the exercise price. I've still got over a week so I'll hold tight for now. The newsletters lead story should have been the commitment from the government.
BAU Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
