I'm very surprised at the lack of interest in RRSO.I guess prior...

I'm very surprised at the lack of interest in RRSO.

I guess prior to now everyone was scared that with every placement the company gave out a swathe of free options - which were then subsequently dumped on the market.

However the current rights issue shows that all that has changed. Range management is cognisant that it needs to oversee prudent capital management if it is to be taken seriously by the bigger players - those that they are pitching to in London atm. Hence they have wisely decided NOT to issue ANY options with the current share issue. This means that there won't be a flood of options in the market any more. This gives me confidence that it is now safe to buy options. The fact that they are very underpriced compared to the heads still bewilders me.

It may be that not enough people are aware that Range has listed options. With the SP strongly bid at 6.2 / 6.3 cents in Australia and up to 7 cents on AIM last night , an exercise price of just 5 cents (which means that the oppies are well in the money) and TWO YEARS till expiry I would consider RRSO a very undervalued opportunity.

Naturally I am holding as many of these as I can afford.