prc options, page-6

Ray, I am sure you are very pleased that PROC is now double your opening guess of 6c.....

I can now see why they were snapped up at 10c - for every cent it goes over 98c(break-even for NZ$1.25), your investment goes up 10% !!

OK, not quite true because you have to add the 10c purchase price to the equation. So, for every cent over $1.10, your investment goes up 10% - a lot different to my cash management a/c where I can't even get 5% per YEAR !