resource stocks article, page-3

I note another enthusiastic holder , is loaded up with options .My reason for doing this is as follows The shaes trade a 4 cent premium , so you can have leverage over twice as many shares , for the same amount of money .Why is this important ? Answer because of the Apex distribution in October November 1/28 or 1/35 whatever so you have leverage over twice the shares .This is important because the Apex share price is appeciating and it is set at the price when the deal was done of 30 cents .But now the Apex share price is over 3 times that WOW! What it in effect means is that with an option you can have incredible leverage over a rappily appreciating asset ie the Apex share price .At the moment it means about 3 cents intrinsic value per Legend share .So if options are 4 cents you have 3 cents of Apex script value there .