With heads at 2.5 / 2.6c the oppies currently trade at 0.6c premium. Normally under those circumstances, 1 and 3/4 years to go, already in the money and the outlook very positive a premium of 1c could be justified due to leverage still fantastic compared to heads.
Example: buying heads at 2.5c, selling at 5c = 100 % profit buying oppies at 1.2c, selling at 3.6c - 4c ( when heads at 5c ) = at least 200% profit buying oppies at 1.5c, selling at 3.8c - 4c ( when heads at 5c ) = at least 150% profit
Now, if heads continue to go up will oppies still be offered at 1.2c - 1.5c ?
Good luck catching them if you can.
GLTA
TNR Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)