Why would you not buy the ASNOC now?
Because buying the new 9.1cent option gives you the second option at 20 cents. If you see ASN being plus 60 cents in 2023, you can sell one share to fund 3 new shares at no cost to you. Personally, I think it's worth the risk as I would think it will be higher than 60 cents in mid-2023 which only gives you more free shares. Don't forget you are paying about the same money for an ASNOC with the 3.5 cents added as a share in the new 9.1 cent options. But you don't get the second 20 cent option.
Please let me know if I'm missing something here, as this is the way I'm going.
ASN Chart, page-3506
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Last
6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $92.77M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.9¢ | 6.6¢ | $140.8K | 2.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 255554 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 115643 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| ASN (ASX) Chart |