Those options were converted to 4c ordinary shares mikey - why didn't you sell ? You only have yourself to blame . Many here think that the stock isn't a high risk play and you are 'owed' easy returns. If you don't have an exit strategy , such as a stop loss , or choose not to average down and share price goes down and you're not happy well you can only blame yourself.
Management can't be judged over 1 month , 6 month or even 2 year share price performance - any business takes a good few solid years to prove itself and start generating operating surpluses - particularly penny stocks.
As for the value of the value of the options , a share price of 4c can come around very quickly with these high risk plays . At the same time , nothing may eventuate until post May 2015 but given the drilling programme for 2014, if all goes to plan , could be a very nice return and I'm putting my money in and averaging down where I can.
By the way , the release of options is hardly new news as this was announced months ago and issued free for those that participated in the 2.5c cap raise . Nice extra upside if we clear 4c over the coming 6 - 12 months.
DYOR
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $11.32M |
Open | High | Low | Value | Volume |
1.9¢ | 2.0¢ | 1.8¢ | $5.598K | 285.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 84042 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 690766 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 84042 | 0.018 |
3 | 236294 | 0.017 |
4 | 926666 | 0.015 |
3 | 237117 | 0.010 |
1 | 100000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 690766 | 3 |
0.022 | 20057 | 1 |
0.023 | 20000 | 1 |
0.028 | 75300 | 1 |
0.029 | 7500 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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PV1 (ASX) Chart |