GMI is a LIC with all its investments in commodity companies...

GMI is a LIC with all its investments in commodity companies such as xstrata etc, it currently has NTA well above its share price.
Read this weeks report about how its investments are just going higher and higher, by next month NTA will prolly be $1.60 whilst share price is now $1.26.
Anyway the real money is in GMIO, its a $1 option and doesnt expire until November.
GMI hit $1.30 today, GMIO are currently trading at 24/24.5c.
Every 10c move in GMI will be a 10c move in GMIO, so a 7% move in the mother stock will give you a 40% plus move in GMIO.
Take a look at the chart and the depth.
Baker young stockbrokers have just placed this stock as buy of the month.