There are 3 major announcements coming in the short term, drilling results of the Point Kidman propsect for RRE, drilling results from the Seahorse prospect for Nickel/Gold and the spudding of drilling of REE Pomme project in Canada, any of those could have a major re-rating of the share price of MTM.
To get maximum profit of any share price appreciation the options are the way to go.
The shares closed at 19.5c and the options closed at 6.2c, a few scenarios below show how much more the options will appreciate than the shares with a rally in the share price:
- If the share price appreciates 100% then options increase by 125%
- If the share price appreciates 200% then options increase by 440%
- If the share price appreciates 300% then options increase by 750%
- If the share price appreciates 400% then options increase by 1000%
- If the share price appreciates 500% then options increase by 1380%
But keep in mind if the share price fails to rally, options are likely to fall more and if they are less then .25c on the expiry date Nov 2024 they will then be worthless.
(20min delay)