AKK 0.00% 0.3¢ austin exploration limited

option purchase

  1. 233 Posts.
    Whilst I already hold quite a few heads and options I bout another 2m options today. Whilst many will think i'm mad, and that's highly possible, I think it's a reasonable punt.
    A punt is exactly what it is as well.
    I see 3 possible scenarios.
    1 Options expire out of the money and I loose the lot.
    2 AKK share price goes up on news from a good report. I could make a lot or a real lot.
    3 Options reach their expiration date and are given a new expiration date adding a year or 2 to their time value. In this case I believe i'd make a lot with the future potential for a real lot.

    I think scenario 3 is a big chance with all the options the directors now have.

    So am I completely mad or am I making a calculated gamble???
 
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