options, page-10

This is how it rolls with this lot. I am surpised they have not arranged another 1 for 10 consolidation of late? They issue shares and free options the same way the US Fed keeps printing money and call it quantitative easing in the hope that this means something important and of value to the average Joe Blogg.

There is no harm in issuing these free options becaue they cost nothing and will not be converted on or before 2015 simply because anyone who can will be quitting their holdings any moment they can before the price gets anywhere near 50 cents and this simple fact combined with the amount of stock to be dumped as soon as possible will keep a lid on the share price for a while yet. And then the wide macro drivers that have forced down the price of coal are still in play and no real sigh of recovery so this makes it even harder to believe that these options will be of value to anyone other than the DT who will have something further to play with for a while, IMHO.