CTM 1.18% 42.0¢ centaurus metals limited

Ann: Key Environmental Permit Secured At Salobo West, page-21

  1. 1,198 Posts.
    lightbulb Created with Sketch. 60
    I took a sneaky 1M options at 4.09pm @ .002 to add to my larger collection
    Sorry - none left at that price now...
    Downside $1000 (I can sell them at .001 if necessary as long as I'm paying attention) - max $2000 if I fall asleep at the wheel or sudden very bad development occurs...
    Upside? If the heads get back to 1c soon, then I'm not going to be losing money. If it goes much past 1c, I'll be making a tidy gain! Just play money I guess but the risk:reward ratio on offer seemed too good to let go for such a small play.
    What if it goes to 5c? Options will be at (but probably over) 4c - that'll be ($0.04 x 1000000) in return = ~$38000 profit = multi-bags!
    I've never achieved that kind of percentage return but it's fun to play with the numbers... and dream!

    sasa
 
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