MDX 7.14% 4.5¢ mindax limited

I wouldn`t worry about the short time to options maturity.In...

  1. 7,157 Posts.
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    I wouldn`t worry about the short time to options maturity.

    In fact it isn`t really that short .... 3 months to go.

    Over the years I have made some huge gains buying options, sometimes with less than a month to maturity and getting out without converting.

    MDX needs these options converted for their forward cash flow. Although it will be a bit tight with drilling in May to get assays out by end of June I fell sure it will all be ok.

    I will convert if I have to but I do not really want to do that as I will have to sell other holdings to raise the cash.

    I don`t think you need to worry about holding the oppies but of course if we get any announcements about delays in drilling then all bets are off and I will join the rest of you in a rush for the exit.

    Greetings from the former Soviet Union ....

    EB
 
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