oppie's are cheap, page-13

There shouldn't be any difference in losing or making money with the option because it should track the share price, with a 7c difference. If it's more, the options are cheap relative to the shares, and vice versa. The only way you'll lose is if you don't exercise them by June 2011. You'll lose or make exactly the same as with the shares, except for liquidity issues, but your percentage gain should be bigger until then... cheers