hi dave, This is just my opinion but I feel the oppies would sit...

hi dave,
This is just my opinion but I feel the oppies would sit anywhere from 25% to 50% of the Head Stock price before any significant action in the head stock.

Always remember options are valued down because they need to be exercised at a cash price. So in wisdom expect the options to trade at least the exercise value below the head stock price.

At the moment the head stock price is lower than the option exercise value so I wouldn't expect to see too much price action on the options just yet.

If RTM hit 17c again like it did with the namibian uranium debarcle the options could see 5 to 7c.

But please remember this is my view on the matter. Please show caution when dealing in any share or option and seek professional advice
Cheers,
geoff