... and may prove a big roadblock with any sniff of positive news. 8.5c may be hard to break through, no matter how good the news.
I was lucky to hold TNO pre split when the sp moved substantially on the SPD acquisition. I took profits off the table and put about 1/4 of my profits into the TNOO at ... wait for it ... 15c!
WTF am i still holding these?
Given there are still many 'freely granted' options (TNOO not the new lot) out there, and with only ~5 months to expiry ... the option price will fall quickly on no positive news imo. Guess i should have kept a closer eye on things but i had too much going on.
The updated JORC is good, grades and margins are high but really don't know how management will turn this around, not just for the options that potentially could refill the coffers but also how to get the sp up ...
GLTH,
Perdy
Ann: Prospectus, page-21
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