I am very surprised that the options have remained so stable. given there is only one day of trading to go before all trading in options ceases ie after 4.00pm 22 June 2007, the only way to get value is to exercise.
This lack of volume or desparate selling to me indicates that all options are going to be exercised by investors rather than traders and these persons will be holding for the longer term to extract even more value out.
Some one mentioned 40c by end of july 2007, this aint that unreasonable, but will need continued interest in the CSG sector and more positive brokers reports about MPO's potential as seen in the Baillieu report.
But remember the retracers will come out when it gets to say 35c, again panicking certain people.
my core holding is now tacked away just in time for christmas
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
