DiamandI cannot see that today's announcement has said anything...

Diamand

I cannot see that today's announcement has said anything negative. Had they said they budgeted for 25% take-up on options. They would have been said to be too optimistic and you cannot count on that so there has to be CR. Or in the alternative everyone would say "what are they about to announce that will make the SP climb to 8c"

In reality at the current price it is unlikely that the options will be in the money . Never say never and the scenarios that exist to get it in the money are still out there. The announcements could come. The buying could continue , the rumour mill could work overtime, PIIGS could disappear off radar and a few good numbers out of USA.

All of the chemistry is still there to give a range of outcomes. The only negative is the time left before expiry.

I wouldn't be throwing in the towel today.

Nor do I think Management have anything to do with the current situation.