GBZ 0.00% 0.8¢ gbm resources limited

what the, page-2

  1. 1,340 Posts.
    Just thinking it through a little further. I can only think of one reason why anyone would be buying options now in the absence of t1-t3 results and that is to gurantee themselves a very large chunk of the company at a reasonable price, prior to attempting to take it over. someone who has faith in the SAM results, albeit may take a little more drilling to nail. Someone who has extrapolated that GBZ is in for a run after the fortcoming CDU jorc is announced and it is only a matter of time before GBZ follows.

    I know that there will be some who will scoff at 25 cents (the exercise price) being "reasonable" for the options when you can buy headers at under 10 cents but what they are ignoring is what would happen to the header sp if a 5 million buy order came in.

    If I am correct, we will see more option holders bailing out today and the accululation of GBZ shares starting tomorrow.

    Wait and see.

    I smell a rat.

 
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