Hi allThis one has pricked my interest and looking to take a...

Hi all

This one has pricked my interest and looking to take a position shortly.
I like the options opportunities early when the exercise price is close to the current heads price.
3c strike with heads at 2c with about 18 months to run on the options seems very appealing. I like the idea of holding and exercising not so much for the quick 20% or more trades. More like the 1000% gains that are possible in good specs.
The one thing however that makes me a tad nervous with an option play on RAM is the apparent down time between field seasons.
It would appear that the season starts in June and finishes in Oct.
So when field work recommences in June there will be maximum 4 months (weather permitting) to get everything done. There will be 6 months approx then until option expiry with little else to save them if the drills don't prove positive.
That said we will get an incling from the 3 holes drilled todate. I assume around a 6 week wait for those??? any one asked management? If the drills prove positive and they are backed up next season then this could be about as good as it gets. I note that Paul Price (a former PEK Chairman) has been appointed to the board recently.
Are my figures correct as far as options and shares after cap raising.
Just under 400,000 shares and 260,000 3c options?
So timing wise if options are in the money come March 12th 2012 (and the world hasn't ended in 2012)then the company would get a cash injection of just under 8 mil to use in Motzfeldt development.
One thing I have learnt over the years is that if you are good at trading the short term swings you can make more money than the buy and hold types but if like me you kick yourself for selling too early because of small flucuations then I would think a 2 year hold could be very lucrative. I am still deciding which way to play with either heads or options or most likely a mix. The downside with converting options is you have to wait another 12 months to get the capital gains tax benefit.