almost there, page-30

That's stating the obvious, there's a lot of risk holding any stock like this, and that risk is also to the upside. At the end of the day Geks, you could be right, or, FDL may have one of the largest, high quality Fe deposits out there in Australia aside from the large cap miners. I expect swings of more than 100% for fdl both up and down, partly due to some of the reasons you have specified. I like to hold beyond 12 months for tax reason, this has paid off for me before and hopefully will again. Time decay with FDLOA is only an issue if near or below the strike price closer to expiry. That may turn out to be the case, it may not. This is called speculation.

Why dont you go and lecture on the bank forums about risk. I dont think they were expecting 20 to 30% losses over there.