GAU great australian resources limited

exercise 20cents. buy now for 11cents if lucky only 16million of...

  1. 648 Posts.
    exercise 20cents. buy now for 11cents if lucky only 16million of them tightly held.
    But a better buy.
    The shares are 25cents .say you pay the offer of 12.5cents for options.
    With $25,000 you can buy 100,000 shares or 200,000 options.Say the shares go to 50 cents.
    The option is worth 30 cents .So the shares are worth 50,000.00 and the options $60,000.00.
    More leverage in the options and with 2.5 years to go are a better bet.Not many around though.Tightly held.
 
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