1MC 3.33% 2.9¢ morella corporation limited

options, page-3

  1. 1,082 Posts.
    Just to expand on that, expiry date for the AJMOAs is 31/8/2011, which is still a fair bit of time.

    With AJM at 18c, the options have an intrinsic value of 3c, so at 4.5c you are paying 1.5c for time value.

    The AJMOAs are a good leverage play into AJM at this price IMO.
 
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