Not quite
each option (using exm as eg ) is an option to buy 1 share at the nominated strike price, 3c in this case.The option has a time to expiry , dec 09. option can be exercised at any time before expiry.
So as an example if u bought you oppie at 1.5c today and the share price rises to 10c then the option can be converted to a fpo for 3c or your option will now be worth at least 7c + any time premium that remains.
personally have a mix of opies and fpo
hope that is helpful
ann out tennant creek drilling, page-10
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DSE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.35 |
Change
0.000(0.00%) |
Mkt cap ! $234.0M | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.38 | $3.33 | $655.4K | 195.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21000 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.38 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DSE (ASX) Chart |