MED 0.00% 0.6¢ merlin diamonds limited

Huuuge pump on the way. Options issued a freebies. IF things are...

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  1. 6,202 Posts.
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    Huuuge pump on the way. Options issued a freebies. IF things are free, any price is usually taken to get rid of them. To sell at .7 of a cent reduces the placement costs by 25% as they were 2 for 1.

    Notice how today there was no selling even though someone's sitting there to take a mil at 7.

    Early sign that this is going higher, much higher. Long expiry on these so there's time premium but assume that at .7 plus excercise price gives an underlying value of 2 cents for the heads.

    It's going up. The amazing news flow of suddenly appeared diamonds will start flowing.
 
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