Well, today is a pretty important day for former option holders, as tomorrow is pretty well the last day we can put our cheques in the mail to take up the new options, if we want to. Like many, I am having difficulty in deciding. Factors that are in the mix include:
on the negative side
1. they might list at less than a cent, given the low prevailing header SP. Therefore it might be wise to wait and buy on market.
2. the prevailing uncertainty with CDU
3. recent drilling track record
4. GFC part 2 will wipe us all out
on the positive side
1. just guessing, if and when the header price hits about 10c, for every additional cent in header sp rise, the options will follow, rapidly multiplying the original investment of one cent per option.
2. the original SAM did not lie, GBZ just haven't found the source yet. If there are supergene layers like CDU, they may be rich but they could easily be missed.
3. GBZ have more than just Tiger.
4. 3 years is enough time to drill out and find what there is to be found
5. imminent drilling of tiger targets
6. personal opinion that the CDU story still has more chapters to be written, with ensueing nearology benefits
Anyway, fellow esteemed posters, I seek your 5 cents worth of advice. Are the new options worth buying?
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