Dhuy
Thought I'd mention I'm still in LGL plus now Newcrest, in a modest way. I'm still really waiting for the more seasonally friendly period for gold and resources generally from November but option premiums available keep sucking me in.
I thought we'd seen the low in LGL around $2.25 and rolled down from $3.00 to $2.50 puts, and once again find myself underwater, and was very tempted to go mega long Feb $2.00 calls last week which today at least would have looked good.
I guess the technical guy who picked $1.75 should be congratulated! Having once bought LGL at a 55 cent low I know how low high cost gold producers can go if the gold price fails.
its a measure of the 3 month premiums available and the vol that having looked stupid on Thursday, my Nov $2.50 LGL puts are once again instrinsically profitable.
LGL is a relatively high cost unhedged producer, so if gold is to make another run at above $1000 or even higher, then it is the play at the moment.
What is your call on gold over the next five months?
Oldtimer2
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | $1.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.87 | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 1.770 |
1 | 1 | 1.765 |
1 | 1499 | 1.750 |
1 | 5180 | 1.660 |
1 | 1500 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.870 | 300 | 1 |
1.890 | 3523 | 1 |
2.000 | 5267 | 1 |
2.100 | 3900 | 1 |
2.390 | 4321 | 1 |
Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
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