AKI 0.00% 56.0¢ african iron limited

building nicely, page-17

  1. 1,121 Posts.
    I couldn't go past the options at that price level either Shumbi and picked some up. Even from here they are a pretty safe buy (I bought my first tranche at $0.15 a few months back and was happy at that level).

    By my calculations, assuming the price goes to broker targets of $0.80 the shares will go up 166% from here but the options (assuming no time value) should hit at least $0.60 which is a 340% return. I am not normally one to go for options due to the risk, but the fact that we should be in production before the options expire at end of 2013 was enough to convince me that the risk is worth the reward in this instance.

    Each to their own in terms of risk appetite, and good luck to all holders.
 
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