options overpriced, page-2

I think the simple fact is that everyone got their free attaching options through rights issue and share placement and because they didn't fork out anything for them and don't stand to lose anything from them they might as well hold them until nov 2008 when a fully operational moly tungsten mine is producing and a considerable amount of progress should have been made at Mt Canindah. Buying the options at this stage also provides a great amount of leverage, you can buy the rights to more shares through options now while you don't have the extra $$, and then in a year, year and a half, when you have the money you can convert them over to fully paid and take advantage of the (expected) better share price and possibly take a dividend per fully paid share if dividends are issued.