I'd appreciate some thoughts on the Options, currently at 0.22 and expiring Dec this year, as I haven't seen discussion on these and haven't dealt with previously. Simplistically (do I have it right?) if you want to buy options and exercise, 0.22 (current market) plus 0.18 exercise price has you having an implied share value of 0.4, well above today's close price of 0.325. If you hold Options from the raising at 0.18 exercise you get an additional holding with a value determined by the share price at the time you exercise the option. The share price hasn't been below 0.18 since Nov 23 so exercising options has appeal.
Is there any information/thoughts on what the take up on these has been over the last two years and what is likely before Dec? The process for Exercising the options is described in the prospectus.
I would appreciate any feedback.
3DA Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
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