options future, page-5

Yes, I think 0.2c will be the entry point. Post cr their will be plenty issued at that price. We still dont know how much the rights issue is trying to raise and if its fully underwriten.

Agree with your concerns that you may not get 0.3c when trying to sell. But how long will that glut last? The money is being raised for a new acquisition. If its oil and not a proven asset, then the spud alone should see increased interest.

Hard to lose, so worst case is opportunity cost if the sp is stagnate at 0.2