Morgans senior analyst, Adrian's report on SXY and COE, page-199

Only 11 Business days left in May for the Easternwell drill to arrive on site.

Note the following from the quarterly - 'Drilling commencing in May'.


Hopefully the $10k I bought yesterday becomes $12k by early June...

My tactic, which is not for the faint hearted and certainly not recommended, is to maximise the after tax return of this wonderful 32c opportunity by:

• Funding the purchase via margin loan until sold or 1 July, whichever comes first
• If at a loss at 30 June - sell to offset the other gains I have made that are going to give me a tax headache
• If the stock quickly spikes to 36 cents by early June then sell this parcel and book the profit
• If anywhere between 32-36 cents at 30 June then continue holding for 12 months to get access to the sexy CGT discount when I sell for $1 in 12 months