rocks in there heads, page-4

Hi Jakem,

I am holding a little over 2 million options. I don't have the $60k needed to exercise them. So I have to juggle the best price I can get between the options and having enough cash to pay for the exercise.

So, for me, I have to sell about 60,000 options to have enough to convert my remaining holding. For every cent rise in the oppies, I get to keep and convert about 50,000 more.

I live overseas and so there is a delay in just about everything you do so I need to get this organised quite quickly or I might be left with a parcell of options too large for the market to swallow and not enough cash to do anything with them.

So I have a couple of sell orders on, 1 at just under 10 cents and another at 15. As the sp is still heading Northward, I am calm at the moment, but as December progresses, I may get nervous and try to offload, even at these prices.

Don't shed a tear for me though, I have had the benefit of the gearing and bought early. I'm miles ahead of wher eI would be if I had bought the shares directly although I haven't worked this out.

Regards,

Keith.