It was easy money, they were on 0.003 cents a week ago!!! Still in the money, so could profit a small amount even now, but the issue is that my platform at least has a minimum buy of $500. So, that is alot of oppies! But you can elect how many to convert.
I think the big opportunity is that they announce the full year results and upcoming dividend in early August, and the oppies expire late August. CDM currently have 50 percent exposure to overseas earnings, and with AU dollar in free fall, I'm expecting a good dividend and results. There, SP should be around 1.50 or more, so oppies are still cheap.
I brought mine at 0.016, 31,500 of them, for $500, so I need a conversion price of 1.46 to get my money back a $500 profit. With upcoming dividend in September, I'm betting SP will be 1.50 and some nice profit!
CDM Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
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