TSC 16.7% 0.7¢ twenty seven co. limited

options in the money!

  1. 449 Posts.
    There we go ladies and gentlemen, the options are now in the money. Last trade on the heads was 25.5c, an option can be converted to a share for 24.55c. Therefore, purchasing an option for less than .95c is money in the pocket. People are waking up to this opportunity and the options have risen 50% today - still not too late to get in though!

    Of course things can go pear-shaped if the heads go down before the options expire on Jan 18. However, I don't think that is going to happen. Reading the recent announcements regarding the resource upgrade leaves me quite optomistic for the future of USA. Using their own drill rig, they are systematically "filling in the gaps" for their resource. Already the resource is proving to be better (in both quantity and grade) than originally anticipated - and "open in various directions".

    This combined with the low depth of the resource, closeness to a port (Whyalla) and low expected production cost makes it a good stock to have in a portfolio. Worth a good look for anyone who wants exposure to the energy of the future - Uranium.

    I recommend taking the time to read the announcements. There must be some reason why the heads have risen 25% since they came out a fortnight ago.

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