so whast would someone pay for an option, 75c, that expires in...

so whast would someone pay for an option, 75c, that expires in may10??

Not long is it?

While we had a little spike to 70c on the port expansion announce,,,

But now you have potentially twice as many shares, dilluted.

What is going through the market pshc,??

If/when/before May10??? that RP rises,,, and how much?

To make the project marginal??? just scrape in for a profit??

It may be 12? 24? months before we see real demand on the fertiliser side to boost rp.

I have no doubt in the underfertilise equation, that will return RP to higher levels,, But when? and how much?

Was the 500/t just a huge spike, driven by the morocans?
Where is the true level.

I'm sure an offtake announce would help,,but whose going to put their hand up, and say we'll pay 200/t any time soon for us? on an individual contract.

I think the best play, may be in just sitting this one out, and picking up the cheap options.

I dont think they will get into the money by may10, but i'm sure that wont stop the sp from spiking close to, on some offtake announce or similar before now and then, returning, maybe buy at 5c, sell at 30c, if the heads rush to 70c say, and looks good, briefly. Dump.

Or, could this just drag out in care and maintenance, and feasaibility, until they expire without anything exciting along the way?

I have not yet decided on spp, and may even just look to a smaller holding for long on the heads at 43, and sell the oppies to reduce my entry.

There are others available that offer less cloudy futures.

cheers