AKI 0.00% 56.0¢ african iron limited

I agree with frontrunner, we should comfortably be in the money...

  1. 1,121 Posts.
    I agree with frontrunner, we should comfortably be in the money then. Most analysts have a target of $0.85. I am sitting on a few, and bought them on the premise that I am treating them like shares with a small downpayment (of about $0.17 now), and a $0.20 balloon payment in two years time if I choose to exercise.

    All depends on your appetite for risk as the options do have more leverage (a $0.01 change to the option price represents a 2-3% greater change than a $0.01 change to the shares at the moment) so the losses can be just as big as the gains. However, I think we are at the early stages of what I think will be a great story, so am personally prepared to take that risk. Good luck however you decide Carlos.
 
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