CVI cvi energy corporation limited

loyalty options ripper ann, page-7

  1. 2,746 Posts.
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    I think this option issue will have a decent impact on the share price as it is not a bonus issue (which just dilutes) and $2.2m cash is being raised.

    Think of it as a small placement in which everyone gets to participate.

    My guess is these options trade at 12-14c out the gate (assuming a 21c share price) as they are going to be 6c in the money and ASX options always seem to price time value higher than standard black-scholes.

    Its an excellent deal and I will be surprised if anyone fails to take it up!

 
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