I think what he was meaning is that at today’s 006c if you buy them, when the sp gets to 1.8c it then covers your current price and also the conversion price so every pip thereafter is profit. And in the money then.
ADN CHART, page-77
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $27.99M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 0.9¢ | $564.0K | 60.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3996555 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 25407916 | 18 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |