I noticed that SPQ directors were granted 10 million options at 10 cents for 5 years..ie until 2013.

My thoughts.

1. Very often options are set up prior to some major attention/drilling whatever..so I think this is a good sign.

2. The options are for 10 cents which is a good price relative to current sp..and they are for 5 years. It looks to me like someone is taking a long term perspective on this play. Yes it is dilution but it is also motivation to the management team to get results.

3. I would not be surprised to see something similar come down the pipe for UC resources...fairly soon. Just my own speculation.