I am not sure I will be converting before 3 months is up. Yes it gives me an extra option, but having to pay 6c only makes my capital risk that much higher so not sure I have the cash to start with or the inclination to risk a bigger capital position.
I like the leverage I have with an expiry of Dec 2009 at 3c.
Everyone will have their own take on this, I will be doing the calculations over the next few months and seeing the results to come will definitely be a big decider in excitation or not.
Until any news comes out on the drilling position I don't think anyone can say for sure they are going to exercise for the extra option. That is my opinion and could be wrong so don't bite to hard.
Ztriker
I am not sure I will be converting before 3 months is up. Yes it...
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