Considering PA must have been under pressure for more than 1 year to cash at least a portion of his chips, it's easy to see why Jan./08 would be his choice. In Feb. he must give an ARU presentation at a CIBC Instit. Conf., the following week same thing at a BMO Instit. Conf. & these are followed by the PDAC in Toronto in Mar./08. If he left it later would the optics be of a "pump & dump" operation?

As to the options we don't know the expiry date of same so hard to comment. But we do know exercised 400m & sold 300m.

K Barron is following a 40m a month program.

Regards

Joltin