someone wanted out, page-3

I have asked this question in another forum but had no reply.. Please excuse my ignorance, but, if you sell options that you paid say 5 cents for and sell for say 10 cents, will you not be up for capital gains tax on the 5 cent per option profit,, and would this not impact on any profit you make on the new option you have brought ?? I have never had anything to do with CGT before so have no idea how it works,, I have read the ATO CGT section and am nun the wiser. I know that if you own them for over twelve months the amount of CGT is reduced by 50 percent, I have also been told that if you reinvest the money into the same company within thirty days then it is not considered CGT but can find no reference to that on the ATO site. I know, ask my account you are all saying while shaking your heads,, we have no accountant in the little mining town we live, we will have to get one next year but any guidance in the interim would be great.. OO and go OGX... ( to stay on topic lol )