horo, horseshoe metals ltd opt jun12, page-5

Hi TommoAus,

Sorry for the newbie questions, just wanna get more details about options trade.
can we buy the HORO from commsec? since they don't have the alternative call or put options.

Let's use the example price as you mentioned HORO is 35c and 20c head per option,
if we buy 1000 share option, how much do we pay? $350 or $550 and do we pay to the broker (commsec)?

and If we want to convert it to ordinary share, how much do we pay to Horseshoe Metal, how do we pay usually? bank transfer to their account?
and how long does it usually take conversion to ordinary shares.

Thanks heaps mate!