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20.0¢ horizon oil limited

700bbl per day cost recovery, page-35

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ronstieb

8,928 Posts.

543

29/10/16

22:24

Post #: 20226890
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Originally posted by m0ngy ↑

Ron taking up your thought experiment as to when IMC would take up their options, IMC are playing a long term waiting game in my opinion. I can't see them buying them anytime soon, irrespective of the SP. They don't have to buy them just because the SP is at the strike price, that simply provides them the entitlement to buy them. Why would they tie up even more capital in the company until the macro factors kick in? They won't, they will sit on the options until the Horizon has a clear and positive future eg LNG prices rise substantially. IMC will only take up the options when they can actually make money on all their investment in the company and at that stage the SP will be way above the strike price. So the strike price is an investment irrelevance in my view and I can't see why 6.1 cps is being promoted as some sort of target that the SP will rise to?

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Mongy

I was just discussing the point its still a good buy/short term trade at current levels even if you think it will be capped at 6.1c for one reason or another.

HZN Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $324.6M

Open	High	Low	Value	Volume
20.5¢	20.5¢	19.5¢	$198.0K	984.4K

Buyers (Bids)

No.	Vol.	Price($)
25	1112190	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	308447	2

View Market Depth

No.	Vol.	Price($)
24	1094440	0.195
21	1960108	0.190
11	763619	0.185
16	925520	0.180
29	1144068	0.175

Price($)	Vol.	No.
0.200	308447	2
0.205	1462173	12
0.210	1264314	11
0.215	217392	4
0.220	275000	2

Last trade - 16.10pm 22/07/2024 (20 minute delay)

HZN (ASX) Chart