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PICT

4,702 Posts.

1072

05/12/16

13:52

Post #: 21109595
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Originally posted by derrs ↑

The big question is will MZN climb and hold well above 2c in the next few weeks so that all holders of MZNO convert.

One would think that there will be plenty of news to come

- Commencement of drilling
- RXL Update
- KDR Update

Any one of these could provide major upside and get the options in the money.

Definitely risky although huge potential.

Say if news comes out and MZN goes up 100% to 3.2 c MZNO would go up 1000-1200% 1-1.2 c

Or MZN stays below 2c all December and MZNO are worth absolutely nothing.

IMO the directors will get them over the line hence why I am invested in MZNO more than MZN
Worst case scenario for me is a capital loss that I'll use against some big short term gains I've recently made.

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At the price they are just now even if they do end up worth nothing you are never going to loose too much, but the potential gain is huge, I wish I could have bought in at this current price, all it takes is $1000 and you will get 500,000 options at 0.002

Last edited by PICT: 05/12/16

MZN Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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