oppies still a bargain , page-9

RAU Options expire in November 2008. You can check out the exact date on the company website.

Essentially you can make an application to the company at any time up till then to convert your Options into full shares.

You have to pay 2.5 cents per Option to convert into a full share.

So say you purchased some Options today at 4.5 cents each then you would need to get the appropriate form from the company and request to convert those Options into full shares by paying a further 2.5 cents. So total cost for a full share would then be 7 cents for you.

Local wisdom on HC seems to be that it would take about 2 to 3 weeks to get conversion completed.

Of course in the meantime if the head shares head down to say 5 cents then you haven't locked in a profit at all.
You would then be showing a 2 cent per share paper loss. And probably grizzling like hell.

Them's the joys of share investing. Good luck