Club Mulgoa

Friday, December 10, 2010

PIROA

Another West African miner ad nauseum.

I bought the options, to be exercised before Dec 2012, for around 20c each, on two separate occasions in Sept and Oct 2010. Why? The EV of the gold it has already found is too low...

Today, the options have gone up by 117% in less than 3 months. Is anyone listening?

It is also true that I have stocks that fall but these are stocks to top up, not jettison. For example GMM. I have put in a buy at 9.5c if anyone wants to sell at that price.

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