why is pymo so dear, page-2

Hi Head

Yes you are right, huge premium on the options. IMO it is a sign that the share price is going to rise as people are willing to pay a lot for leverage that the options offer.

In my opinion they are right. PYM perhaps the most undervalued on the ASX but I am not the only one who thinks so. RM research have valued the company at between $1.00 and $2.60. Here is a link to the report.

http://www.prymeoilandgas.com/downloads/PYM_RMR_03_04_2007.pdf

Best of luck to you head.

SirKnight

Fortune favours the informed investor