Punters can currently buy the options (7.5c) at a discount to their intrinsic value (28c head share price - 20c exercise price).
CRJ is a terrific punt - what would it be worth if it hit an IOCGU? More than 28c, that's for sure! More like $28.
Free options.
This company will come right once the turbulence passes. Afterall, wobbles on Wall Street do not affect one iota the chance of CRJ finding an IOCGU. Bargain at current levels - not for lone I think.
CRJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
