Thanks mate, I don't doubt anything you say though some of it was new to me.
I am very happy to hold the oppies - at present they give 3.5 x leverage (I like 5x - but must also take strike price and time to expiry into account) When I bought I got twice the exposure for half the dollars. May even buy more.
However with the ASX 200 Materials Index down 2.5% on the week and now showing a tad of weakness I may prefer to keep my powder dry. Always remember though there is often a bout of anxiety if you buy dips.
GL all VMC holders.
Ann: Youanmi Thick High-Grade Cobalt-Nickel Discovery, page-44
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