Forum Archive Index - September 2000

[Derek <dkw@paradise.net.nz>]

At 07:38 PM 06/09/00 +1200, you wrote:
>Derek, just interested to know why you hold the options, with a year to go
>and 70c to pay, I worked out that you would make 140% or so in the head
>share before they (options) break even. You must be bullish because the last
>big rush didnt even make the exercise price.
>Warner


Your right Warner,
but I'm not out to make a killing, even though it is unlikely
that any of the the options will ever be converted, they seem
to go up a bit before drilling anyway. This is what I'm waiting for.

I guess the theory is that if they do ever hit the Jackpot the 
share price could easily go over $1.20, the options would be a
10 bagger or better, I guess this is why people buy them before drilling.
Even with only a year to go I can't see why this won't be the trend again.

Derek






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