Tweets said : "Current options are approx. 103m (Directors/Staff mainly); and most expire @ between 5c & 7.14c on the 17th November, 2009. This should tell you something!
As a takeover target I noticed poster 'young trader' indicated possibly of ~12c; although as this is Australia's oldest Oil & Gas Explorer they may put up a fight should any takeover occur. It looks like (I hope) that if the options are in the money we may be trading between 7 and 12 cents by November this year imo."
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LYWT! I like the option strike price for staff and director options is between 5c & 7.14c. I also think that figure says alot.
It went out on its high of the day & the company says it will be a commercial producer soon.
Cheers M
PS GDN it aint.
lko - financial future ..., page-5
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