glencore/xstrata/anglo, page-8

Mljet,

If management stay true to form, and no news arrives right upto expirey, $20K will buy me 2m oppies at 1c. With a good chance of extention, comes the possibility that these go to $1 on the execution of JV. $20K down for a chance at $2m, I am prepared to take that trade. Who knows, days beofore it could get down to 0.001c, and thats 20m oppies.

To make serious cash in this market, one needs to have conviction.

As you know, its all risk/reward. Just as you bought up the JPR options so heavily just before expiry, convinced that they would be under writen...you stood by your conviction.....and lost.

Kiril.

I hold