CCC continental coal limited

ccc or ccco, page-46

  1. 370 Posts.
    How is it a discount? Isn't it a premium?

    Head = 8.2cents
    Oppies = 5 cents

    So total cost of oppies = 5cents + extra 5 cents (for exercising), so 10cents.

    Therefore, 10cent oppies (total cost) vs 8.2cent (heads), oppies at a premium?

    In other words if they were on par, oppies would be worth current head price) 8.2c
    minus (exercise cost) 5c
    = 3.2cents
    But they are selling at 5 cents, therefore, they're at a premium? I think that's how you work it out, that's just my common sense approach haha

    Please correct me if I'm wrong, still learning


 
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