As mentioned many times today, and as I mentioned several times many months ago, the ERH options have a piggyback option attached...ie when you exercise the ERHOs (ex price 10c) you will recveive another option absolutely free with an ex price of 20c.
In other words you are getting 100% leverage when the shareprice is over 20c and increases by 1c.
Have a truckload of options myself, and bought even more today (switching from some shares), as i personally think the SP is going to move higher.
The recent wells (today and prospect 330) show just how well the ex Petrobras employees selected the areas (when PEtrobras were forced by Brazil govt to divest) into which ERH has now JVed...imo these two areas are just the start of something big!
Cdchi1
options seem the way to go
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