Its the close date that is relevant in terms of time discount on the shareprice ohyeah and that has tended to push out so far. Its also a fair way away so a doesn't impact much in a week or so. There is definitely an embedded option on a share price spike in here as you don't have to sell. That is not an opinion. Of course, there is also some risk on the downside and that has been declining a little with the higher gold price and strong gold stocks generally.
Whether the market is starting to price in the positive optionality is of course subjective and it would take a big spike so its can't be worth much. It is interesting it trades up at 53 today tho so I stick with my view that people are buying for the upside option. It certainly part of the reason that I've held on to GDO myself so far.
GDO Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
