the mill i bought today is a risk...yes.
However I bought most of my options way down when they were 1c and under....so perhaps less of a risk than for others.
I think "for me" 4c was a good price.....Im happy to punt that come Sept the heads will be well over 14c.....so it gives me then the opportunity to buy 3 times as many heads as I could now in Sept.....and keep 2/3rds of my capital.
1 mill heads now would cost say $110,000
The 1 mill options only $40,000
leaves me $70k "in essence" to buy other things over the next frew months.
Options are always a risk especially with only a 6 mths until expiry....due to time decay.....however im happy with the purchase.
Cheers
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FDL
flinders diamonds limited
the mill i bought today is a risk...yes.However I bought most of...
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