hooter,
look at the assumptions that were used to value the options at 61 cents... it says, underlying stock = $2.1 and volatility = 57%pa. If we now assume the underlying stock is $1.90 then the option value will fall to about 50 cents. 57%pa volatility is also an anomaly as it accounts for the last 1 year of price moves where M&G dumped stock from $4+ to $1.50, so the volatility aspect of the option valuation is accounted by the action of 1 shareholder.
so it's a secured $100m credit facility at 7%pa, I don't see why you have your knickers in a knot over it?
- Forums
- ASX - By Stock
- CDU
- all the talk about 2.50 and rights
all the talk about 2.50 and rights, page-14
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online