KRR 10.0% 0.9¢ king river resources limited

Ann: Trading Halt, page-49

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  1. 697 Posts.
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    I reluctantly bought a fair few earlier in the week. The 10c strike price means MC would have to reach just under $100M to break even, but if vanadium turns out to be next year's lithium (Chinese interest, 60 minutes episodes, etc) then the $5k punt will seem like a pretty smart move. KRC has an absolute load of the stuff, plus some gold in case world markets dive. The best thing about such a gap is how many shares you can buy for so little. We've seen what has happened to those smart enough to buy lithium options sub 1c a year ago (I sure wish I did!).
 
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