Gee there is a hell of a lot of negativity on here about the...

Gee there is a hell of a lot of negativity on here about the Options at the minute. Sure i'm holding some options as well and i wish the OAs had been simply extended. THanks to the ASX for that. lets just add it to the numerous ways that the ASX shaft us retail holders!

But I think folks are failing to see the forest from the trees. Thanks @TShirt for trying to bring people's focus back to the massive news that is expected in 4-5 weeks. As i understand it, all the data is now in and is/has gone to the independent assessors to prove up the reserves. We are very likely to see a re-rate upon that news in 4-5 short weeks that will see the heads, and the options do a massive re-rate. Gee i like seeing numbers of 60-70cps. Are you really going to still be complaining that your OBs took a temporary dip? Yes you only converted 2 out of your 5 OAs but if they are worth approximatley 20-30 times what you are paying to convert them to OBs will you still be complaining? I for one think that if the OBs retrace for what is plainly shortsighted reasoning, they will be a very good buy. And the best thing is that your new OBs will still have a shelf life of over a year and so you will also get to take in gas sales, pipeline, farm-in, additional wells. I think even at a 2:5 ratio, its still going to work out well for OA holders because they have such a longer shelf life. all IMHO.