Someone from work put me onto these and after doing some research over the weekend (and after having a read of HC posts - thanks) they seemed like a reasonable gamble so I purchased a few options this morning at 40 cents.
Have been offloading some other speculative resource stock over the past few weeks given the heat in the market - didn't think they'd survive a major correction if there was one coming.
Not in these to make a fast buck (learnt my lesson from Paladin selling out at a loss) so happy to go along for the ride over the next couple of years...I suppose I am just a little concerned that I have gotten in at the wrong time with the fairly strong sell sentiment today. Could they survive if the market sentiment went out of resources??? How far will the working capital go before they have to raise additional funds? How expensive is a U mine to run?
Anyone with any knowledge of such things? Thanks!!
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