RHK 0.00% 78.0¢ red hawk mining limited

fms options expiring sept 09, page-10

  1. 1,353 Posts.
    lightbulb Created with Sketch. 51
    No point exercising if the exercise price is more than the on-market price.
    Eg bought option at 2c
    Exercise +10c
    = 12c for each exercised share.

    May as well sell option for .005c and buy share for 9c....then each share owes you 2c - .005c + 9c.

    So each share owes you 10.5 cents rather than 12.....
 
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