It pays to keep an eye on the Oppies.
Really happy to grab a top up of Oppies/tails today for 2.6. This is great value compared to heads at present for conversion straight away or holding to make better percentage profit.
CONVERT NOW means I pay 2.5 to the 2.6 I’ve just purchased which means I get the shares for 5.1 compared to the the heads price of 5.3. About a 4% profit for doing nothing... bonus.
But I’m holding thinking that the heads will hit about 7.5 once commissioning, gold pour and sales are announced.
CONVERT AT 7.5 in a month or so, tails should be about 5.0, this will mean...
My Oppies have gone from 2.6 up to 5.0... 92% profit.
Whereas if I purchased heads it will have gone from 5.3 to 7.5... 29% profit.
Good part about that is company profits from conversion, and higher profit on the Oppies. Little risk at this price as they’re already in strike price. All imo!
Options BCNOB, page-52
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $92.98M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.2¢ | $10.46K | 475.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2784486 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 919943 | 4 |
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| Last trade - 11.48am 08/11/2024 (20 minute delay) ? |
| BCN (ASX) Chart |