I guess the takeover offer would need to exceed the excercise price for you to convert and then sell as a part of the t/o. I have been watching the price for options (OIPO) but they are difficult to accumulate with small volumes and not being that liquid. If I could buy 500K at 1-2c I would jump at the chance.
Either way now is the time to buy, looking at the way ESG went today; takeover action and drilling coming up. Interest will no doubt spike when the announcements start, just like in March.
I think you may have talked me into increasing my exposure.
Cheers
OIP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
