whats going on., page-37

Sally,

If the SP (heads) was 9c why buy an option on the market 1c then an additional 10 to convert your option to a head. you pay 11c and all the paper work cheque for what you could have paid 9c for.

Now if the heads are been kept at above 10c some may and have taken the option to exercise the option. if it is been held then what will happen after the 29th (buyers between 10c & 11c)time will tell.

so
"Sally a L4L would not explain what value the options with a SP of 10c by the end of the Month here it is.

worthless - lacking in usefulness or value; "a worthless"
idler"



NOTIFICATION OF EXPIRY OF OPTIONS
As at the date of this notice you are the registered holder of ‘FMSOA’ Options in Flinders Mines
Limited which are due to expire on Monday 29 September 2008. Your options will expire unless
exercised on or before that date. Please read the following information carefully.

EXERCISE PRICE AND PAYMENT
The exercise price of the Option is ten cents ($0.10) per Option. Each Option exercised will result in
one fully paid ordinary share in the Company being issued.
Should you wish to exercise your Options, cheques in Australian currency equivalent to the amount
due on exercise, should be made payable to Flinders Mines Limited and crossed “Not Negotiable”.

CONSEQUENCE OF NON-PAYMENT
Options not exercised by 29 September 2008 will lapse with no value. No further entitlement will exist.

UNDERWRITING
No underwriting agreement currently exists in respect of these options.