It doesn't matter what you think RNEO is worth. The market values it at 1.6c now therefore a 1 for 1 free option with a 6c raise gives a net entry of 4.4c. The term sheet clearly states it's a net 4.4c effective entry price. Basic math.
No doubt there will be a lot of placement holders selling the heads at 6c to 6.5c and free carrying the option.
Ann: Trading Halt, page-42
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Last
0.1¢ |
Change
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Mkt cap ! $1.727M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $4.8K | 4.8M |
| RNE (ASX) Chart |