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Ann: Sasanof-1 Well Update - Rig Arrives At Location, page-139

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  1. 1,702 Posts.
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    $2,000 buys ~220,000 PRM shares @ 0.9c per share, but

    $2,000 buys 500,000 PRMOB (Options expiring 01 Sep 23) @ 0.4c per Oppie.

    If @tinshedtrader's “whiff of gas” occurs during drilling (& btw that’s not just his opinion, but also per other posters on the Day Trading Forum)

    his expectation is that the SP should then easily reach 5.0c.

    In such case your gain then = 4.1c for 220,000 shares = ~$9,000

    IF you buy the Oppies, IMO they should consequently rise from 0.4c to at least 4.0c

    your gain then = 3.6c for 500,000 oppies = $18,000.
    You do the maths then for your expectations.

    Keep in mind though – as@tinshedtrader says also, if they don’t get that whiff, you could lose up to all your outlay. Your call.

 
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