I would ordinarily agree with you, but options were struck when there was only 295m shares on issue and the vehicle had a mkt cap of $7.0m, there are now 395m shares on issue and a mkt cap of $1.1m.
At 5 cents PNO would have a market cap of $20m (it's never had a market cap greater than $16m over the last 5 years)... hmmm, don't think that's much chance do you?..
Technicals clearly show we need a daily close above 0.06/0.07 before we can be suspicious that anything is up//
GL
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