ARL 3.23% 48.0¢ ardea resources limited

Cobalt prices seen rising sharply as deficit balloons, page-72

  1. 6,249 Posts.
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    I converted my options very soon after they were in the money. It took 2 weeks to process (they got lost somewhere between the transferring authority and the bank and it took a dozen emails to track them down). I don't understand why anyone wouldn't convert them the minute they showed as profitable. What can they be waiting for? For it to go minus again? Anyway, I sold at $1.70 and bought back at $1.35. There's all kinds of possibilities if you hold the shares including starting the clock ticking on the 50% CGT discount.
 
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