Only 11 Business days left in May for the Easternwell drill to...

Only 11 Business days left in May for the Easternwell drill to arrive on site.

Note the following from the quarterly - 'Drilling commencing in May'.


Hopefully the $10k I bought yesterday becomes $12k by early June...

My tactic, which is not for the faint hearted and certainly not recommended, is to maximise the after tax return of this wonderful 32c opportunity by:

• Funding the purchase via margin loan until sold or 1 July, whichever comes first
• If at a loss at 30 June - sell to offset the other gains I have made that are going to give me a tax headache
• If the stock quickly spikes to 36 cents by early June then sell this parcel and book the profit
• If anywhere between 32-36 cents at 30 June then continue holding for 12 months to get access to the sexy CGT discount when I sell for $1 in 12 months