I reckon they are BOTH undervalued - but that's me...
And you are right. Conversion for oppies is 2c.
Right now, there are 2.5M buyers in the queue for heads at $0.065, and there are 1.4M oppies available at less than or equal to $0.045.
So - if you really, really want heads at $0.065, you can buy them right now, by purchasing 88EO at $0.045 or less, and then converting oppies to heads. Just BPay or send a cheque - takes a few days and you have the heads in your account - same as if you bought them on market.
First 700K of buyers in would even get their oppies at $0.044 - so effectively they'd be buying heads at $0.064.
It's basically a $7,000 discount on what you'd pay to buy heads directly.
Crazy indeed!
88E Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
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