Short Term Trading Weekend Lounge: 26 - 28 Aug, page-226

@forrestfield with the drilling TYX is about to start I think the CYXOA offer a very good proposition .ZMIO with the 4c unlisted options out there it is obvious those holding them only make money if they can get the SP up around the 6c - 8c level to convert and sell their options. Nobody would be converting 4c options with the ZMI's around 4- 4.5c ...too risky .....they will need to get ZMI up over 6c and hold it there for a while I believe.
Another to watch closely is BNR ,I think recent buying suggests it is about to pop and I won't be at all surprised to see it around 4.5c within a week or so .A good acquisition would see it back above 8c ,perhaps as high as 10c I reckon.I have been building a very solid position for about 4 weeks now .Cash and liquid is about $5.5 - $5.8M and MC only about $6.4M.I expect a very good earn from my BNR