options, page-5

I wouldn`t worry about the short time to options maturity.

In fact it isn`t really that short .... 3 months to go.

Over the years I have made some huge gains buying options, sometimes with less than a month to maturity and getting out without converting.

MDX needs these options converted for their forward cash flow. Although it will be a bit tight with drilling in May to get assays out by end of June I fell sure it will all be ok.

I will convert if I have to but I do not really want to do that as I will have to sell other holdings to raise the cash.

I don`t think you need to worry about holding the oppies but of course if we get any announcements about delays in drilling then all bets are off and I will join the rest of you in a rush for the exit.

Greetings from the former Soviet Union ....

EB