What an interesting stock.
The arb play is one of the best I have ever seen. With nearly 4 years to run on the oppies it is very low risk imo. The heads would need to drop to around 2.5c to meet fair options value of 2c with so much time until expiry.
Buying options now at 2.2c then exercise means 3.4c outlay. Sell 3.9c for an quick .5c or 13% profit for doing nothing except taking time risk ie in the time it takes to exercise the SP could possibly fall (or it could go up).
Ann: ACQUISITION OF POTENTIAL WORLD CLASS IONIC CLAY REE PROJECT, page-329
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $11.66M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $13.52K | 1.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 43448371 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 9801883 | 13 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| ENV (ASX) Chart |