When ASNOC options were introduced I believe at a price of 1c and an exercise price of 3.5c some punters had the same theory that they may have been overpriced as heads were only trading just below 3c and they may have had a point at the time.
Wind the clock forward to today and I bet everyone would wish they had have snapped them up at those prices and been up over 10 bags today.
So I guess getting into ASNOD at 4/6/8/10 today even with an exercise price of 20c or even as a trade may also seem like a bargain in 6 to 12 months time if you believe ASN is only just getting warmed up.
Having said that I believe ASNOC is still way undervalued at the moment and should be trading at over 20c. All in all still a good outcome for the company to raise much needed funds in future as they advance their projects and we the small folk realise greater SP potential.
GLTAH
Mari05
ASN Chart, page-4131
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Last
12.0¢ |
Change
-0.010(7.69%) |
Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $81.22K | 677.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1389672 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 153336 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |