EUR 4.35% 2.4¢ european lithium limited

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  1. 1,871 Posts.
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    EUR Options are for EUR, not for CRML. If you don't exercise them and changed to 'ex date', they are not real share and you won't get CRML shares. We will get a period between merger and ex date to exercise them.

    Hence it is best to look at this "merger" as EUR divesting/selling off assets for USD750MILLION paid in CRML shares.

    If you don't exercise options, they don't count as shares to be given "dividends" and they continue to be "options" specific to EUR, until the expiry date. No one is forcing anyone to exercise, but or sell options - that's ridiculous... but options are NOT real shares.

    Not sure if this will be spelled out on announcements but no requirement to, as they are general knowledge stuff... but perhaps not to retail investors?

    Options are free for a reason (before they get auctioned off at market). It encourages more capital investment into the company in time, as exercising options, that payment goes straight through to the company's bank account. Hence the risk, that if the company doesn't materially become more valuable over time, options are just made to expire.

    To us/insto- we don't really care as they are technically free, we either sell them off and get something out of them or hold them for later boost to our holdings when exercised albeit with risk they just expire.

    Anyway, I've spelled it out now.

    I've bought options too from the market so there's my confidence level for you.
    Last edited by BRProject: 03/05/23
 
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