Lordkoala,
I don't need you telling me how clever or not I am. Based on shareprice results I'd say you are maybe the one not so clever to hold onto this one for so long. Anyone who would even consider options in the current environment and the happenings of the last year or so - external and internall - clearly have not had alot of experience in the market and particularly dealing with options.
With the fpo at 2.3c and the options trading at a massive 1.6c premium with only 7.5 months to go before options STOP trading, and the happenings in the market, you'd be lunatic to choose the options. The 1.6c premium will disappear and go into a slight discount if they are in the money as May next year nears. On this basis you would realistically need the fpo to reach 7c to consider the options a fair selection considering the extra risk it holds (ie you can lose EVERYTHING). At 7c, your fpo would return 204% and oppies 304% (no premium). This seems a reasonable risk/reward ratio.
Will GPN reach 7c in the next 7.5 months? Based on past performance very unlikely.
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