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clock Created with Sketch. 02/12/15
16:32
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Originally posted by fireblade1
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mates taking profit IMO to be in cash for the next CR 3 month ago MPJ had CR for $1.2m > 200m heads @0.006 + 1:2 (100m) free options MPJO to soph.investors (mates). I am not negative, but realist who is trying to see all pros and cons as wellBUT I do care when ex. date time is shorter and shorter and company 's drill campaign is longer and longer with less metres drilled than promised , so I sold most of my MPJO before CR and bought heads instead after on low. Who is looking to buy an options should ask them self Q: Is 7 month long enough for the options in the exploration company? depends in what stage exploration!! Drilling for just to find it? If fined will it be economical? Drilling to add more to existing resource etc etc If they are happy with their own answer go for it. If not, be safe and sleep well. Options short life 6 month and less = High RISK = but if co. is in an advanced exploration stage MAYBE better % chance that options will be in $ if drilling come up with the good results, BUT if drilling will have slow progress with no that rosy results > closer to expiry date op. will be harder to sell on market and in high% expire worthless. Hope this will not be the case, but I am more careful with the options trading than greedy. For me it is just 50/50 chance to be in $ atm as they didn't find much yet so far and they are in early stage of exploration and still can take more time to find decent deposit if any IMO
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Fireblade and some on here are asking where the stock and options are coming from? I had suggested earlier to Stig that there could be some positioning for a CR and given the cash burn and cash held this may have to be before Q4, but hey we have had lots of very regular and positive announcements, I had suggested that short dated options may not be attractive unless they are sold quickly, maybe they may introduce a new class of options (longer dated), or if possible (depending on the number currently issued vs fully paid) even 1.5. Glad to see also that you are pointing out the possible risks as MPJO get closer to exercise date, I have been doing this for a while but am called negative, and my shareholding questioned!
