HZR 1.20% 42.0¢ hazer group limited

Decision day, page-14

  1. 195 Posts.
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    No wish to get into a slanging match.

    When a punter took up the options (at whatever price is not relevant) they were always expecting that they would be getting shares cheaper than the equivalent dollar cost of the heads. For this privilege and leverage, they also took on the pricing risk and that is what is unfortunate.

    Many of us bought the heads and are still down on original cost but possibly not to the extent of the ops.

    Expectation is not an excuse for ignoring risk for either of us.

    Personally, I still need 44 cents to break even but I live with it.

 
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