PMYO conversion, page-9

The very fact that the discount in the options exists as it does today, proves my point from last week that investors/traders are yet to be convinced of the probability of a sustained uptrend in PMY in the short term. Concerns could be that in the time of paying closer to equal value respective to the options, then converting them, with no news and the share price falls back to 1.8 cents or lower.

An update, which shows some very positive reasons to be invested for those who are perhaps waiting for the drill results, and the options gap would cease to exist. More with deep pockets would snap them up.

This week is the last week for them to ensure all options are converted. Clearly, some still want to sell, which means likely without news there will be unexercised options.

Hopefully this week. I'm not holding my breath.

TOWB