You are correct Dave
You have the option (but no obligation) to exercise / convert the options for 75c anytime before 15 June - they convert from LKEOC to LKE ordinary shares
Each will have their own reasons to convert or not now that they are well in the money - including the reasons you mentioned - some people will trade them (possibly exponential gain compared to LKE even though the options are trading at a discount) or convert
As noted - they’re at a discount even if bought / converted ie earlier today LKE was at 1.48 and LKEOC were around 0.66 (ie 0.66 + 0.75 convert = 1.41)
Cheers
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3.7¢ |
Change
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Mkt cap ! $61.73M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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View Market Depth
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47 | 2548547 | 0.035 |
11 | 747440 | 0.034 |
9 | 1541606 | 0.033 |
7 | 947344 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 31251 | 4 |
0.038 | 1374853 | 8 |
0.039 | 405269 | 7 |
0.040 | 978536 | 13 |
0.041 | 1499539 | 7 |
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