wobblyboots,
g'day.
It doesn't matter what the shares are trading at.
If you own MMRO - the options for MMR - and you want to convert them to shares, you pay 20c per option, and in return you are credited with shares - MMR.
So, you buy 1000 options for 15c today. Any time before option expiry in 2013 whenever it is, you fill in the form and send a cheque for $200, and the company allots you 1000 shares. These are called 'fully paid ordinary' shares. You can then sell them as per usual for what the market wants to pay - hopefully $1, or more.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.248M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.518K | 923.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 9416779 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5628783 | 1 |
View Market Depth
| Last trade - 14.18pm 16/07/2025 (20 minute delay) ? |
| MMR (ASX) Chart |