Yeah, i had been watching for a while and finally freed up some money to buy some options at the start of the month. I think the options are much better than the heads simply due to the fact that there are PLENTY of results due between now and expiry date (07/10) and there is only a 15c strike price. My avg buy in price is 30c, so i'm confident that this will be a very low entry point.
The big decision to make down the track is convert or sell.....this will be a long termer for me, IMO, there is heaps of upside to this one. Drilling should be done in west africa by the middle of next month. Wehn results start coming in, either prelim or if we have to wait till the end, try and get in at these prices then!
Cheers,
JS
AMX Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
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