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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

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To: ild who wrote (684)2/23/2003 7:51:11 PM
From: TobagoJack  Read Replies (2) of 867
 
Hello ild, <<at what prices would you buy DROOY, GFI, HMY, NEM?>>
I am willing to buy NEM, HMY and FCX at the put strike prices (see existing option positions
Message 18615846 ) and will keep writing put options on the three until I think I have enough of the three companies.

I am more keen on NEM and FCX, rather than HMY. I have quite a bit of S.African shares already and intend to go up to 5% allocation, but mostly in Impala Platinum and Sasol shares, then in HMY.

I am keen on FCX because of its valuation relative to the rest, because I think Indonesia risk is acceptable in moderation.

NEM ? I have been selling puts, then covered calls, then put/call straddles on the stock since 1999 and have no fear of the downside because I do not see any:0)

Chugs, Jay
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