..........., the Punter this week is buying into another going business, Intec Ltd.
Intec is a high-tech minerals company involved in extracting metals from dust, sludge and other waste as well as from mineral ores.
Despite a successful rights issue earlier this year, which raised more than $2 million, the company had only just under $2 million in cash at the end of June. However, it has relatively little debt, and has reported some increase in inquiries from the metal processing industry.
The truly white-knuckle way to invest in Intec (INL) is to buy its trading options. Half a million of these will cost you a mere $1520.
The underlying shares would have to rise from the current 1.7c to two cents for you to break even, but if they regained their peak of a year ago, you’d be looking at more than $13,000 profit.
The options expire at the end of this year, though, which makes them too hairy a punt even for the Punter – although last Friday more than a million options changed hands, so somebody was buying them.
The Punter has settled for 100,000 of the ordinary shares, at a total cost of $1270.
The Punter has no financial qualifications and no links to the financial services industry. He owns shares in a number of companies featured in this column.
