Options BCNOB, page-3

@Rottnstaf.
The great part about the options(tails) is that they’re already in the money.
They can be converted on 17th August 2022 at .025.
Now the share price now is .036- that means they are in the money- worth redeeming. If on Aug 17- 2022 the share price was only .024, then the holder of the options faces a dilemma- why convert when it would’ve cheaper on market. There would be one plus though- the company would get the extra cash!
Now at the moment the options price is 0.018 and if you pay the extra .025 to the company to convert they are actually costing you 0.043- more expensive- so not worth buying on market to redeem them NOW- you would have been better buying the real shares- heads on market.
So the tails price is high now- but they are already in the money and I bought some last week and are 37% up- because people are forward looking.
For conjecture sake- if the share price is 10c on 17th Aug, 2022, then by paying .025c you are making 4 times your money. By rights the tails should be about 0.075 at that stage to purchase, as the new buyer will pay about 0.075 for the option and then convert for 0.025 to bring the value up to 10c. So that means your tail will be 5 bagging about now- 0.018 turning into 0.075.
So at the moment people are paying overs- but the options are already in the money and there is good speculation on what the share price will be in 3 years from now.
Dare to dream- what happens if the share price is 20c? Then the tails you bought today will probably ten bag! Nice!

A couple of things to consider though...
- when you convert the company will get extra funds at that stage- bonus for the company and financing!
- will the share price keep going north?
- the holders who got the options as a bonus can either hold or convert at anytime- its a real bonus to their commitment to the company.
- if you are just holding the options this does not make you able to participate in spp or get dividends- unless you convert the options.
- in the money now- so where will the share price be in 3 years- not a bad bet with company just about to be a new Aussie gold producer.
- once the company is derisked- producing and maintaining production efficiently and cost affective KT then Instos, etc, will start to come on board- and hopefully the sp will reflect this greater influx.

This is my understanding- happy to be corrected as it’ll help my understanding, so good luck to all jumping on the heads and tails- and hopefully the momentum continues.