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Break even would have been 7c if bought options at 4c and...

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densamer

2,721 Posts.

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29/11/19

09:00

Post #: 41700198
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Originally posted by stockpicker0907: ↑

options are still in the money yes... stock is massively undervalued yes, management have made it perfectly clear in previous announcement that no news in due out before Xmas (no exploratory drilling, no scoping studies,... in other words no need to buy no FOMO)

if you bought 3 million options at an average of 4c that's 120k that has been reduced to 21k. to exercise option you have to pay another 90k. if you don't have 90k you be f...Ed...if you do you have to wait to share gets back to 7c to break even. this was the risk and you can look at all information available, but at the end of the day like other posters have said I really liked management and I didn't expect the announcement saying no news coming out to Q1 2020. but that's the way the cookie crumbles

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Break even would have been 7c if bought options at 4c and exercised them for 3c. You borrowed to buy options @ ~3c less, the 3c is just payback. It's all on paper if you still believe.

MYL Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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