BLZ - Blaze Minerals

nizar · 22 March 2007

I got myself 3million oppies today as well.
The leverage is incredible.
As YT has mentioned, MPOOA (also 30june expiry) is now trading at 2-2.5c while the MPOs are at 8c.

Now.... time to ramp them..!

Mousie · 22 March 2007

TheAbyss said:
I have gone to their Web site which is very old and still refers entirely to their previous enterprises in the wireless data environment so no answers there. I have emailed them and posed a few questions re their chances of success. I will post when i receive a response to the email. Sydneysider i hope you dont mind me using your concerns as a draft for the list of questions i sent.

Hey TheAbyss, you still following BLZ? Any management response so far?

TheAbyss · 22 March 2007

Sent another email with no response. the email isnt bouncing so someone is getting them.

no news sorry.

Mousie · 22 March 2007

TheAbyss said:
Sent another email with no response. the email isnt bouncing so someone is getting them.

no news sorry.

No probs mate, in fact thanks for the effort. Kinda says something about management's attitude to shareholders though...

greggy · 24 March 2007

Mousie said:
No probs mate, in fact thanks for the effort. Kinda says something about management's attitude to shareholders though...

I don't like it when management treat investoirs in this way. I had the same problem whilst I was a shareholder in VMS and has happened to me time and time again with other companies. The management should act in their shareholders' best interests and also respond to reasonable queries where possible. Too often shareholders are left in the dark.
DYOR

nizar · 24 March 2007

greggy said:
Too often shareholders are left in the dark.
DYOR

Unless you're in the top 20

YOUNG_TRADER · 27 March 2007

BLZ Buy depth building while sell depth thining

Something maybe up

nizar · 27 March 2007

YOUNG_TRADER said:
BLZ Buy depth building while sell depth thining

Something maybe up

Yeh i noticed that as well.
A bit of action.
Hasnt closed above 3.1 in a while.

nizar · 27 March 2007

Looking good for tomorrow.
MACD turned positive, and also big volume today, whilst nothing like the previous rally, its about 3x average.

jtb · 27 March 2007

Hey Niz,

Wasn't you that took a quick 100% today then?

Best of luck- I thought I was a gambler.

Will watch with interest

nizar · 27 March 2007

jtb said:
Hey Niz,

Wasn't you that took a quick 100% today then?

Best of luck- I thought I was a gambler.

Will watch with interest

No of course not.
I didnt take on this much risk to make just 100%.

The action on the heads today was very bullish IMO.

YOUNG_TRADER · 30 March 2007

Hmm BLZ on the move

mildew79 · 30 March 2007

chris1983 said:
You can't compare GPNOA when it has an expiry date in 2008

expiry date - 5/31/2008

You have to be a bit fair. If GPNOA expired in three months and had an exercise price of 10 cents there is no way it would be at the price it is now. Its also good you made money on HLXO..too bad for those guys who bought in above 10 cents.

GPNOA has an exercise price of 3 cents.

Hopefully this makes things clear for the onlookers.

hello chris. ive always valued your view but thought id add my two bobs worth. : (i follow bmn and ern)

the oppies dont need to be in the money to be able to sell them on at profits prior to expiry (substantial profits at that). ive sold on many options still out of the money with little time left for profits or break even. if the sp managed to double by the end of april im sure they could be sold on at leveraged returns. and the chance of 10c shall always be there till the end

you are correct in saying as time reduces the time component of the option will decrease and therefore so to will the time affected portion of the option however. as you stated the option shall also be worthless if time runs out with underlying sp less than 10c. obviously high risk. not for the faint hearted and should only take up very small portions of a portfolio.

y_t only needs to pull off 2 out of ten of these trades for substantial profits using this much leverage. even 1 out of ten. from what i can gather his success rate seems better than this

i prefer options slightly OTM (out of the money), ATM (at the money) or slightly ITM (in the money) myself but i can see y_t's methods

ps i do think BLZ is a dog for the record

pps please keep your opinion to yourself atomic. that was an unneccesary attack on y_t a page back. you want a short term ten bagger without risk...dream on.

ppps thanks for your input to this forumn y_t

nizar · 30 March 2007

YT - interesting action on the heads today i agree.
Punters getting set for next week maybe.

Mildew - I do agree oppies dont be in the money to be converted. Look at HLXO, now they are dead but in the beginning of february they went from about 3c to 12c when the heads HLX went from 18c to about 25c.

And also check out MPO. Heads at about 8-9cents, and the 10c oppies, well out of the money and short expiry are going for 2-2.5c.

YT i think it BLZO goes to 2-2.5c then its a 2007 911 Turbo for you my friend

Mousie · 30 March 2007

nizar said:
Risk/returns are as good as they come.
Of course many dont see it that way, and as such BLZO is not for everyone.

Oppies dont need to be "in the money" for them to start running. If BLZ starts running, the more aggressive players will buy the oppies for the leverage.

Was just wondering if to buy company-issued options like BLZO I'd need to sign up for an options account with my broker, complete with signing the acknowledgement that I'd read the ASX options booklet? Or can I just buy the oppies like I would the stock?

chris1983 · 31 March 2007

mildew79 said:
hello chris. ive always valued your view but thought id add my two bobs worth. : (i follow bmn and ern)

the oppies dont need to be in the money to be able to sell them on at profits prior to expiry (substantial profits at that). ive sold on many options still out of the money with little time left for profits or break even. if the sp managed to double by the end of april im sure they could be sold on at leveraged returns. and the chance of 10c shall always be there till the end

you are correct in saying as time reduces the time component of the option will decrease and therefore so to will the time affected portion of the option however. as you stated the option shall also be worthless if time runs out with underlying sp less than 10c. obviously high risk. not for the faint hearted and should only take up very small portions of a portfolio.

y_t only needs to pull off 2 out of ten of these trades for substantial profits using this much leverage. even 1 out of ten. from what i can gather his success rate seems better than this

i prefer options slightly OTM (out of the money), ATM (at the money) or slightly ITM (in the money) myself but i can see y_t's methods

ps i do think BLZ is a dog for the record

pps please keep your opinion to yourself atomic. that was an unneccesary attack on y_t a page back. you want a short term ten bagger without risk...dream on.

ppps thanks for your input to this forumn y_t

It definately could be a money maker..I'm not denying that. I'm not into these high risk plays though. Too much for me to handle so I give credit when it comes off for investors like YT. I know he only needs to pull 2 out of 10 to do well. I like to pull off every trade as I'm sure he does also. I also know the oppies don't need to be in the money to make good money..I dont think I even hinted that wasn't possible. What I was trying to make clear for investors was the risk..if they want to take the risk..then hey go for it like some of the respected posters on here have done. That doesn't change the fact from what I said though

"You can't compare GPNOA when it has an expiry date in 2008

expiry date - 5/31/2008

You have to be a bit fair. If GPNOA expired in three months and had an exercise price of 10 cents there is no way it would be at the price it is now. Its also good you made money on HLXO..too bad for those guys who bought in above 10 cents.

GPNOA has an exercise price of 3 cents.

Hopefully this makes things clear for the onlookers."

Comparisons can't be made with GPNOA..investors may go look up GPNOA and be like..wow..look at their price..they are 2.2 cents.

Lets make things clear.

GPN - 4.5 Cents

GPNOA - 2.2 cents (Exercise price of 3 cents valid untill 31/05/2008)

Then you have

BLZ - 3.6 cents

BLZO - 0.1 cents (Exercise price of 10 cents valid untill 30/06/2007)

Now all I wanted to make clear for those spec players was that GPNOA have a lower exercise price of only 3 cents when compared to 10 cents for BLZO and GPNOA also are valid for an extra year. It doesn't change the fact this could be absolutely huge for the holders of BLZO if BLZ start to run and nothing I could say will stop them from running..I hope for the guys that they come out with a good announcement in the next 3 months because I like to see everyone making money. If they grab a 10 bagger they sure do deserve it. Good luck guys.

chris1983 · 31 March 2007

Ohh yeah and Mild..I hope ERN and BMN pay off for you if your holding. I think you are holding so all the best.

BLZ did show some movement today though..and 3 months is a long time in the market..that time will go extremely slow YT seems to pull off magic quite often with these oppies. Im watching with interest. I think BLZ overall are a good spec. I was looking at them also awhile back..but if I take an entry point i'll prolli pick up 100k in the head share.

nizar · 31 March 2007

chris1983 said:
Ohh yeah and Mild..I hope ERN and BMN pay off for you if your holding. I think you are holding so all the best.

BLZ did show some movement today though..and 3 months is a long time in the market..that time will go extremely slow YT seems to pull off magic quite often with these oppies. Im watching with interest. I think BLZ overall are a good spec. I was looking at them also awhile back..but if I take an entry point i'll prolli pick up 100k in the head share.

Chris
GNPO or whatever supports your point well.
Have a look at HLXO (20c) and how they moved with the heads, they were short expiry as well. (31/03/07)
And have a look at MPOOA (10c) and how they moved with the heads, and they are short expiry as well. (31/06)/07)

Cheers.

nizar · 31 March 2007

Mousie said:
Was just wondering if to buy company-issued options like BLZO I'd need to sign up for an options account with my broker, complete with signing the acknowledgement that I'd read the ASX options booklet? Or can I just buy the oppies like I would the stock?

Nope.
Just buy it like you would buy the heads.
Code is BLZO.

It would be great if you could clean up the 5million sellers at 0.002.

chris1983 · 31 March 2007

If management didn't have anything to release of some significance within 3 months they would have to be useless. You guys are starting to turn me on this one. This could very easily run to 2/3 cents with some good announcements.

BLZ - Blaze Minerals

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