68 I don't disagree with all your saying. But between now and exercise time many of the current holders will dump at substantial loss just to get some of their money back. Unless the SP improves the dumping will bring the option holders in price down to exercisable levels again.
That is I sell off my 14 cent options to you for 3 cents. When the time comes your "in the money" price will be 28 cents and so on.
As I said the Directors don't give a rats about option holders and their financial position until weeks if not days before the exercise date.
A little positive news from the company, and not the rumour mill, would be very helpful to the share and option price at the moment.
WCU Price at posting:
25.5¢ Sentiment: None Disclosure: Held
