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10.0%

1.1¢ lithium universe limited

thanks mate

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Al_che

36 Posts.

3

17/09/21

12:27

Post #: 56146892
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Originally posted by BigWill2018: ↑

If you buy 250k options then you have the option at any point in time to strike/convert them into shares at 2c a pop into a full share (ESH).

So if you were to convert the options it would be $5,000 regardless of the SP which the money of the options will go to Mogul's bank account.

So less than 2c you are in theory better of buying shares on market however if the SP was to be 2c+ then you are better with the option strike.

So IF the SP was 10c instead of getting 50,000 shares on market you have the option to convert the 250k options for that 5k and have 250,000 shares (obviously have excluded the ESHOA buy price).

DYOR and not financial advice just explaining the situation to my understanding.

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thanks mate

ESH Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $5.939M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$44.68K	4.089M

Buyers (Bids)

No.	Vol.	Price($)
16	5260923	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1780000	8

View Market Depth

No.	Vol.	Price($)
16	5260923	0.010
19	5825651	0.009
12	4258342	0.008
5	2514857	0.007
3	3600000	0.006

Price($)	Vol.	No.
0.011	1554086	7
0.012	2561567	4
0.013	607202	3
0.014	622863	3
0.015	954784	3

Last trade - 10.14am 08/11/2024 (20 minute delay)

LU7 (ASX) Chart