Should be trading at 25c+ not 21.5c with an 8c exercise price and expiry of June 30 2011 XENO is way under priced considering the extra leverage. You could even buy them and pay the 8c immediately to make them full shares, saving 2.5c a share.
Doesnt make sense and will not last long. I picked up some more today at 20.5c and will be happy to exercise in 2 years if XEN hasnt been taken over.
Good luck
GMc
XEN
xenolith resources limited
