Converting shares to options is a thing I've done in the past and have been considering again lately. There have been a few times when you could buy options for 20c less than what you could sell heads for. Trouble is, that means you have to pay tax on any profit you've made on the heads and it makes the deal less attractive. I've kept one share for every seven options, but often wish I'd put it all into options. Options give such fantastic leverage. Especially now that we'll get options in NuPower (leverage on leverage)
Let's hope the world gets into ARU for the uranium and then notices our rare earth sleeping (but about to wake) giant Nolans Bore rare earth deposit. A few more articles discussing the supply and demand situation for rare earths would be good. The implications for ARU holders is staggering.
Let's see, I could use the profit from the uranium to buy a yacht, and the profit from Nolans to buy an island to sail it round. haha
ARU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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