"If these options trade at 0.75 cents or less I will be getting more." I may well be wrong, but as i understand it this will not be possible to do.
0.75 cents only buy's you the rights to exercise the primary options for a further $0.10.
On page 14 it's written that the rights to the primary options are non-renounceable. They will not be tradeable on the ASX and can't be sold or transferred to another party.
The way i read it they will not be tradable until the $0.10 is paid on them.
I'm not keen to take something i paid $0.1075 and sell them for $0.0075, so you won't be getting mine (unless I'm broke by then, living in a gutter and need money for a slab!).
Or have i misunderstood this?
If all goes to plan in the next few months i don't think many will have to worry about selling them anyway!
NWE Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held