Thank you, Coaster from the NZ Fixx Oilers site who put us Hot Copperites onto this one. As I briefly explained in a weekend post on H.C., Coaster has demonstrated the leverage that is possible by buying the EBRO'S which have a strike price of 12 cents, due in March 2006, but which have a free EBROA option attached to each new share. The freebies don't expire until 2009. Now I reckon there is a great chance of doing well out of this deal over the next 6 months or so because EBR has significant interests in 2 eagerly awaited offshore wells and 5 Cooper Basin wells, plus mining interests including uranium. It only needs one of these projects to show a bit of promise and the EBRO'S become very profitable.Thanks Coaster.
EBR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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