I add to that last post that if you hold say 1 mill oppies and they are getting close to the expiry date, if you dont sell and decide to convert to heads you have to pay 16 cents per share x 1 mill = $160,000.
So you have to keep a close eye on yoru profit and expiry date
We have along time stil to go, so a degree of safety. but in another 18 months, if they were the same price (3cents)
Then you would rate the risk higher.
CB
CTP Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
