With the latest ANN yesterday the options due for conversion in...

With the latest ANN yesterday the options due for conversion in Dec this year look like they could well start to be a target. The conversion price is 5 cents and as most LT shareholders were issued these for nil cost you would anticipate that the conversion would be an achieveable propect if the news keeps coming.Money in the bank is always welcome.
There is also certainly an incentive for the Board to get the price moving North quickly as collectively they have 22500000 options at 6 cents that expire June 2013.you would anticipate that there will certainly be a move, prior to any trade sale, to get the SP up to 15 to 20cents asap.

I like to think that I take a conservative approach to future target SPs.

kippax