If you're implying that you don't expect the SP to be above 16c in 2 years (making the alternative strategy sound)... one would wonder why you consider FGR a worthwhile investment at all.
Totally see where you're coming from though. But if we're under 16c in 2 years, I'll consider FGR my worst call of all time
To lead this conversation another way... this reminds me a LOT of the offer TLG did a while back (2 years?)... There are sooo many parallels. The share to option ratio I think is the same or similar, the price in TLGs case was 0.02c.
Now, even with those options not in the money, their long validity meant that in a very short amount of time, they were trading on the open market at 0.08c... I was kicking myself because I totally forgot to pay for my share and missed out.
Now, they're generally above 0.20c... I missed out on an easy 10x return.
Honestly, I think anyone here would be maaaaaad not to take up their entitlement even if to only sell them on the open market a week later. A profit is highly likely as holders up their bids to acquire more than their allotment, especially in light of FGR's triple chance draw.
Oh how I wish the OB's had a second chance in them.
Have fun all.
FGR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
