When there are around 4million oppies for under 1.5cents, then nobody will pay much more than 21c for shares. Either the oppies get taken out, or the share price will hang around these levels or lower until expiry. Must admit, I am in it for the shares, but would like to at least see the oppies underwritten so they have sufficient funds to move on more of the Appalachian work at the full 80%. I really don't expect to make anything on the few oppies I have. I am more interested in the long term share price.
On the other hand, if they have any more good news up their sleeve this week, things could jump quickly again and put the oppies firmly in the moeny, but I don't see what that could be.
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