how can you say they are a bargain when all they have is...

how can you say they are a bargain when all they have is dirt....including the rubbish known as Koonenberry that did nothing even after BLR re-listed with the asset a few years ago before off loading. Stocks w/out cash flows can hardly be called bargains...if the market thought it was a bargain, they would already be trading higher given its a recent IPO.

Doolgunna looks interesting because of the SFR nearology but this is a SPECULATIVE PUNT only - no sure thing.

That said, I agree with you about grabbing a few of these for the "bonus options" issue they just announced. The stock hasn't moved today despite the announcement, and even if AUC does drop once they go ex-entitlement, the options will still add value.

I am in, for a punt and will give them the opportunity to try and add some value to the stock price.

Like you, I am definitely keen to get some head (s)