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Constantine Metal Resources Ltd V.CEM


Primary Symbol: CNSNF

Constantine Metal Resources Ltd is a base and precious metal exploration company focused on its Alaska polymetallic project, Palmer. The company's flagship Palmer VMS Project, located near Haines in Southeast Alaska, is road-accessible and hosts two NI 43-101 compliant resources. The Palmer Project is a Joint Venture partnership between Constantine and Dowa Metals & Mining Co Ltd with the company as an operator.


OTCQX:CNSNF - Post by User

Post by krishakon Apr 11, 2016 1:14pm
89 Views
Post# 24752407

This is what I've been trading...

This is what I've been trading...while I wait for CEM to awaken from its deep slumber. I bought 250 April calls on ABX for $0.08 a contract. I sold them a couple of weeks ago when I had more than a 10-bagger. Each $0.08 call was trading at $0.85, so I had made $21,250 from my initial investment of $1,916. Today the options are trading at over $4.0, so I would have $100,000 if I had kept them a little longer. That's often how it goes with option trades, - it is also very easy to loose everything when you get the timing wrong.

-ABX160415C12CALL (ABX) BARRICK GOLD CORP APR 15 16 $12 (100 SHS)
$0.850 +$0.26
+$6,500.00
+44.07%
+$19,333.77+1,008.95%
$21,250.00 250
(Margin)
$0.08/Share  $1,916.23 = THIS WAS THE COST OF THIS POSITION.
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