Haha yes I have been quite vocal about these options, I am not...

Haha yes I have been quite vocal about these options, I am not worried, just confused about the lack of correlation between them and the SP. My portfolio in LRS is set about 85% heads and 15% options, I feel strongly that LRS will grow steadily given their position and management so Im not all that concerned. However the options are far riskier but I have the very real chance of doubling, tripling or quadrupling my investment if decient drill results are out on time. Weighed the risk vs reward and made my choice.

My friend FFF doesn't own 20 mil in both, think he has a small parcel in oppies that are up 200% or something. I am confused about the "bottom will drop out"? If semi ok results push this to say...2.4c, any option holder could easily sell at 3 pips if they wanted to bail since buyers that convert would pay 2.3c for shares that sell for 2.4c. In that case anyone but a day trader would sell their holdings and just buy then convert into heads to make 4%.

Of course if results are crap and/or Anush&CO stops buying, everything is worthless.