I think we will see some increase in the SP moving into Wed trading on the back of anticipated good results in the weekly drilling update. It would seem in the company's best interest to give the options some chance of being exercised with whatever good news they can muster by then. This would seem the last roll of the dice for the option holders and if the announcement fails to impress I think we will see the options and the ordinary shares dumped below 1.5c and 11c respectively. If they manage to generate some interest on a good day in the market we may see the SP move somewhere around the 13.5 to 14c range, I doubt we would see much more. Given the time decay value in the oppies, I can't see them rallying much more than 3.5c.
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I think we will see some increase in the SP moving into Wed...
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