The fact that 27.375m options @ 30c and 2.165m options @ 50c are...

The fact that 27.375m options @ 30c and 2.165m options @ 50c are due to expire 31/12/07 might help to explain apparent price ceiling at 60c level despite the raft of exciting developments at SAE. I would imagine that many option holders are selling stock at 60c to raise cash to fund exercise of options next month.

I witnessed similar price action at Fox Resources as option exercise date drew near - option holders sell stock thereby realising capital gains rather than increase exposure by committing new capital to fund exercise of options.

Depending on the extent to which the assertion is valid the share price might remain subdued until post exercise date.