As I said, people will get way too clever with overtrading this...

As I said, people will get way too clever with overtrading this stock. Underwritings are complex and slow to get all paperwork in, and this is a biggie if it is for the whole lot of the options ($13m). I also hear that lots of shareholders waited till the last minute and then tried to arb the stock only to find there wasnt the liquidity and then the trading halt.

At the end of the day this is a lot of noise and the fundamentals of HEG point to a higher valuation once they build the bigger plant at Hill End and get Hargraves to an operating mine. People can have all the fun they want over this option exercise but if PB can pull off a $13m capital raising my hat goes off to him as it will get the company up and running on the fast track.