Ann: $3.0 million share purchase plan closes 1.3x oversubscribed, page-23

Black Scholes calculator https://www.mystockoptions.com/black-scholes.cfm?ticker=&s=0.024&x=0.05&t=3&r=5%25&v=50%25&calculate=Calculate

In this I have entered the current SP of 2.4c, exercise price 5c, three years to expiry, 5% cost of money, volatility at 50% (this is arbitrary - could be 80% or whatever ... quite a difficult equation to determine and since it's really forecasting the future you have to take a punt)

So, currently the nominal value of the options according to Black Scholes is 0.4c.

The raise was 3c, and 3:4 options, now valued at 0.4c.

So the heads should really be worth 2.6c and the 3:4 options valued at 0.6c for break even on the raise price of 3c.

Watching

TA wise ... there's a gap at 2.1c (11 Jan '24) and a recent low at the same price ... so a double bottom, gap filler is worth remembering.

Let's see how the US elections go next week.