OGX 0.00% 0.3¢ orinoco gold limited

oppies vs heads

  1. 4,009 Posts.
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    ive lost my shirt on options in the past
    worst case would be lower head grades than expected early next year and panic sets in with oppies out of the money

    not likely on this one BUT it can happen

    but the heads are forever and this seems like a great prospect with great management and a thoughtful exploration plan so will survive with time and my money is an investment and not a speculation

    im going to wait for a pullback nearer production (the commisioning head grade will be lower as there is the shaft development ore to put through and people may react dissappointed forgetting the real ore is yet to come) and then buy the options when uncertainty is high

    if that doent occur im happy with my holdings and dont need to be greedy

    GLTA

    BB
 
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