Current MC after today's movement
Undiluted
270,928,583 x 4 cents = $10,840,000
Enterprise value
$10,840,000 less $2,400,000 = $8,440,000
Diluted (CXOOA's)
385,793,542 x 4 cents = $15,431,741
But they would have $5,743,248 in extra cash should all CXOOA get exercised.
Diluted enterprise value (hypothetical)
$15,431,741 less $5,743,248 = $9,688,493
Basically trying to highlight that those oppies with their expiry date are perfectly positioned to keep funding CXO into what we hope is a successful drilling campaign. At today's prices, 6.5 cents is the target (minimum) considering people are paying(about) 1.5 cents for the Options at the moment.
I've personally held both options and heads at different times but whilst there is a current 'premium' to the price of the Oppies, they are priced well considering the possible blue sky CXO may have.
As always, CXOOA's are very likely to be worth nothing and most Options buyers have been burnt pretty hard in the past. RIP GBXOA
CXO Chart, page-659
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |