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Gold/Mining/Energy : Winspear Resources

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To: teevee who wrote (9304)	11/9/1998 3:32:00 PM
From: Radiosport	Read Replies (2) of 26850

Lets be calm and rational for a minute, Okay? Winspear has about $12 million available in a combination of cash (~4.5 million) and options etc. that are in the money. Doesn't seem fair to count options in the money as cash available for WSP to spend. Why would anyone exercise in the money options unless 1. they were exercising them to sell the stock right away, or 2. the options were about to expire? If the options have a good deal of time left on them, and the holder has cash on hand and believes the price will go higher, then the extra money would be used to buy more stock, not exercise the options. If the option holder doesn't believe the stock will go higher, he should exercise and sell. Are you talking about a different kind of option? John

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