BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Donald Watson, Jr. who wrote (19800)	4/30/1997 12:00:00 PM
From: Cascade Berry	of 28369

I agree with you - except for one point "the options are rising quickly", in fact the may options are now at 1.20 for the May 5's - they hit 1.5 yesterday...the time premium is so massive that if Bre-x is under 5 within the next 85 trading hours they will go to zero for a loss of 1.20 per share. It seems to me that hyperbulls would be MUCH safer in the stock than the calls IMHO. I feel that the Strathcona report will not resolve the issue, and that a bullish call writing strategy is now safer. (I am bullish - but not as much as you). Regards

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