options great price, page-7

Need to be careful holding oppies from here in as their liquidity is very much at the mercy of the heads. If they have a hiccup which delays drilling for up to a month or so, the oppies would clearly remain out of the money.

I built up to 3m oppies for an avg entry of a little over 6 cents and sold the last the other day at 1.1 cent. I used the funds to top up my heads.

Bear in mind that the last trading day for the oppies will be close to a week prior to the end of June.