Extract from your post
quoted
So the issue date was today 29 Aug 17 - be interesting see if a 900K packet of heads is quoted to sell @3.5c tomorrow or the day after.
Is there a conversion fee in addition to the strike price of 2c?
Unqouted
You may be a good geologist but not in finance. Did you suggest that someone purposely converted it and paid $0.020 (strike price) and will sell it again at 0.035?
Question:
Why did not he or she sell the options at 0.015? Why should he or she pay for another 0.020 and wait for a week to get the shares and then selling it again at 0.035. Either way, he or she will get net $0.015.
However, it still remains a mystery. Why should he or she convert it now when the option will expire in March 2018? There are several possibilities. One of them could be for tax purpose? other reason could be that he or she borrowed the shares from someone and sold it at a higher price and he or she needs to return it. Another reason could be that he or she loves 88e so much and would like to contribute some money to 88e now. Etc.....hehe
- Forums
- ASX - By Stock
- 88E
- Ann: Appendix 3B - Exercise of Options
Ann: Appendix 3B - Exercise of Options, page-42
-
- There are more pages in this discussion • 68 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
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
Add 88E (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $6.857K | 3.073M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
289 | 346631721 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 573714669 | 217 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
278 | 304393137 | 0.002 |
208 | 803343519 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 534069079 | 205 |
0.004 | 285826186 | 116 |
0.005 | 79424298 | 57 |
0.006 | 29302656 | 32 |
0.007 | 25247250 | 20 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
88E (ASX) Chart |