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Gold/Mining/Energy : Canadian Warrants Only

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To: onepath who wrote (21200)6/17/2012 9:44:57 AM
From: tyc:>  Read Replies (1) of 23102
 
Thanks for your reply, onepath. It's good to know that you too are keeping an eye on TCM options. I don't disagree that January calls might be a better bet than October calls. I note that you tend to discount the significance of Friday's move when other mining stocks have not participated. I guess we shall see what Monday brings.

Like you, (strangely) I cannot see any shorting candidates despite my interest.. The unlimited upside of calls and warrants are more attractive. And like you (I think) the market is treating me fairly despite losses. I concentrate on income producers.... dividend payers and covered calls. This weekend's option expiry saw some HSE (Husky) called away. I'm thinking of replacing it with ZWB with its 7.5% dividend. There's plenty of upside potential in my beaten down mines: .. income needs have priority.

Re LSG. My opinion is that the main problem is weak management. It's to be regretted that we needed a market decline to reveal it. However now that funds are adequate (at what price ?) maybe we shall see the upside of a profitable mine despite my opinion of past management decisions. Markets have been known to over-react.
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