Options

Well, well, what a fine mess we're in.
Hope lives eternal as they say, but rarely rewarded.

Hey, BH - if that news item is kosher and positive then why aren't management posting it up on the OEX site and promoting it? I'm not doubting you sunshine, it just seems like par for the course that's all.

The number of buys is starting to dwindle already even at .1c - at least they can't go lower from here, can they.
If it could go negative it would. When you think about it, the tails buy side of 13 million options only represents a total order of $13k lol!

They could serge by 100% at any time - but highly unlikely. A binary outcome - 100+% reward or walk away Renee.
I mean, who's going to buy at .2c, only to see their investment halved as it drops back to .1c - nobody (unless they're relying on hope).

We could see the tails remain here until expiry, as there's bucklies of getting any news positive enough to move it anywhere. Guess we could see a rush to sell at this price as expiry looms closer. At least they'd recover a pittance. By mid-year the buyers will probably have vanished.

Maybe a takeover would be well received?

So, what news are we waiting for at the moment? Plans/timings/costings for the next Cambay well, followed by the next dilution, CR? There's not going to be a lot left to dilute soon.

Just extemporising here, but I guess they could always bundle the shares/options into larger more manageable units i.e. convert, say, 25 shares into one new $1 share. At least it would give the appearance of a more dignified share price - no doubt such a move would be followed fairly quickly by a CR, and not look so bad. I've seen it done before.

Anyway, Happy New Year - xin nian kuai le!
May you live a long, happy and prosperous life and your rice paddies not be infested by snakes.