price action, page-4

Rob,
The options were issued free with the original IPO at 1 free opy for 2 shares subscribed at 20cents in the IPO
To answer your question''why would you convert when you can buy on market at 18 cents"
The answer is you cant buy at 18 cents because if you placed an order for any reasonable number they would not be available for sale and the sell would adjust upwards due to the thin nature of shares traded and the firm hands they are held in
Look back through the sales volume and you will soon see that total volume is very low and one would need to go back many months to see millions bought or sold.
With Kumarina and Horseshoe lights constantly throwing up meaningful grades at respectable depths this stock has a very interesting future as an emerging producer
Cheers Chooky