someone taking a 28 day $10k punt, page-2

Agreed. Either they know something, or are sure the fully paids will be over 21c by the exercise date and have the $200,000 to exercise. I'd rather buy the FPs at 17c today though if that were me. Must be just gambling recklessly, if they don't know any secrets..

Personally I am sure that the company will get the options into the money in time for 30 November: that extra $20m is just too close to miss. But you'd have to be brave to imagine they might get them there in time for the last day of options trading, on Friday 20th November.

By the company's reckoning the diamond drilling of that tasty-looking geophysical target at White Gums should have been completed by end of last week. Unless of course they have run into drilling problems there, like Sipa did at West Warrego recently before they changed their drilling contractor. If the programme's complete though, it can't have hit massive sulphides, or they'd have announced that by now.