I agree...but as a buyer of value options with say at least
2-3 year conversion period at ..in this case a very attractive conversion price..
at best the value of options should be no more than 40% of full share price...
.so at moment we have an about ..right 2019 options scenario in terms of price
But the real attraction of these options is massive multiplyer..over and
above full share price buyers due to very low conversion price
once share price gets above say..2c..assuming successful field
development next year as proposed ..
Rare value opportunity here with options..as increased depth of oil
field geology in current well bores could produce better than
Florence field..
Cheers
AKK Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held