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
Hi HeadYes you are right, huge premium on the options. IMO it is...
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