Probably depends what you value the options at, and if you are a...

Probably depends what you value the options at, and if you are a trader or an investor.

If you value the options at say an arbitary 2c (based on what TRFR has been trading for range of 0.5-5c / 2) then there really isnt much in it at 47.5c

I am an investor in this company and have commited funds to the Rights issue, since I want the funds to go to the company to help it to succeed. I also put a value on the options being worth something in the future (I consider that if the company gets to the mining stage TRF could hit >$1 and therefore the options would be worth 30c).

I have held since the company floats and am in no particular hurry, though I feel much happier when i see the stock trading higher than it currently is. I am happy that projects are progressing, and dont think they will have a problem offloading any rights not undertaken. I believe there will be good news to follow in the forthcoming months, and even if everything remains as it stands I think the future is bright. Of course this is an opertmistic view. I would really like to see that BFS/DFS, but i understand there have been alot of variables to consider recently, that makes it difficult.

As a trader you could consider that it might make sense to buy on market instead, though I would have thought a only after a bigger discount appears.