KDRO, page-53

Didn't read the whole thread but here is a bit of info from the net re euro options


What is a 'European Option'

A European option is an option that can only be exercised at the end of its life, at its maturity. European options tend to sometimes trade at a discount to their comparable American option because American options allow investors more opportunities to exercise the contract. European options normally trade over the counter, while American options usually trade on standardized exchanges.


So this explains the discount to some extent, but I love a value proposition and topped up today. Have I invested in value traps in the past?? Why yes I have....

The obvious discount has to be the legal matter. In a bad outcome, options get smashed hardest. Price action says - the outcome won't be bad, but no guarantees.

It's going to be a deal folks. We all know it's going to be a deal right?? Logic says, MZN release results, good results then KDR takes em out. Biggest lithium project in Australia, exploration results, off-take deals, share price doubles, option triple.

And Povertyboy lived happily ever after.