g’day Nahyeah
I recommend the ASX website. It has great educational stuff.
https://www2.asx.com.au/investors/investment-tools-and-resources/online-courses
The early modules you’ll probably breeze through, but I’d still do them, as there might be 1 or 2 things you don’t know.
In this case MGU issued 50m shares in January at 4c, plus a free MGUO for every 2 shares (so 25m), which convert to fpo’s on 30/9/22 at an exercise price of 5c.
These options give you the right, but NOT the obligation to exercise. If the SP is below exercise price, you simple,don’t exercise and they lapse. If you’ve bought them, then you lose your capital.
I bought the options, because they were trading at more than the 5c difference at that time. So I got a bit of a discount. That’s not available now, so you may as well buy the MGU, unless you want more bang for your buck. You can buy more options for the same $. You end up paying the other 5c in Sep. next year, if you still hold.
The reason they were at a discount, is people got them free when paying 4c for shares. I paid 11c for mine, so whomever sold those to me, has a 7c profit already locked up plus still holds the MGU. So they don’t care if they sell at a 1c+ discount to real value. Once the original owners of the options have sold, the options tend to trade at a bit of a premium, depending on how long to expiry (called time premium). They should be 4.5 or 4 c below MGU).
Hope that explains it ok.
so right now, there’s no value in buying the oppies, as they’re only 4c diff.
cheers,
ned.
- Forums
- ASX - By Stock
- MGU
- MGU Media Thread
MGU Media Thread, page-77
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add MGU (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.902M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $8.8K | 800K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1091008 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 83210 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 741008 | 0.011 |
11 | 1691778 | 0.010 |
6 | 1603311 | 0.009 |
6 | 1041300 | 0.008 |
2 | 311111 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 83210 | 1 |
0.013 | 151423 | 1 |
0.014 | 1140071 | 5 |
0.015 | 541323 | 3 |
0.016 | 67241 | 1 |
Last trade - 15.43pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
MGU (ASX) Chart |