The answer to that is pretty simple. Whoever sold at 1.7c obviously does not believe that the head shares will reach 8.2c or above by end June 2019. (1.7c +6.5c). If the options do not rise above 1.7c going fwd then neither does the market believe it either. IMO 1.7c is a bargain based on the number of irons in the fire right now. You will get around 3.25 times the number of head shares for the same dollar outlay therefore at least 3 times the bang for the same buck if the head shares take off after some significant announcements over the next 9 to 10 months. I was buying options at around 1c a couple of years ago so I’m happy to take the punt c/f the opportunity, or in other words I’m happy to take the risk for the potential return, as elusive as that seems right now!
MXC Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
