MGT TAKEOVER?? TARGET 4B Tonnes iron ore, page-1392

Hey guys I don't want to sound like a down-ramper on these options but have sold mine at 0.008 to buy into standard MGT stocks.

Calcs no longer show enough up side risk reward to the standard stock. Heres my reasoning;

1k will buy 125,000 options @ 0.008 or approx 60,000 standard shares @ 0.017

Scenario One; Stock doesn't move or is less that 5c

Options = Do not exercise - $1000 loss
Shares 60,000 x 0.03 (midpoint) = $1,800 - $1,000 (OG investmet) = $800 Profit

Scenario Two; Stock gets to the 6c;

Options 125,000 x 0.06 =$7,500 - $6,250 (Exercise) - $1,000 (OG investmet) = $250 Profit
Shares 60,000 x 0.06 = $3,600 - $1,000 (OG investmet) = $2600 Profit

Scenario Three; Stock gets to the 9c;
Options 125,000 x 0.09 =$11,250 - $6,250 (Exercise) - $1,000 (OG investmet) = $4,000 Profit
Shares 60,000 x 0.054 = $5,400 - $1,000 (OG investmet) = $4,400 Profit

The stock basically needs to trade above 10c at expiry for the options to be considered a better investment.