not entirely correct. Exercise price is not 4.1c. Purchase price of the options is 2.9c and the exercise price is 1.2c (which isn't required to be paid till end of Nov 2021).
There can be greater advantages holding options now at 2.9c than purchasing the heads at 4c. For $10k you can hold approx 345K options, compared to 250k heads. Lets look 1 year on. If price of heads was now 10c, THE Options are worth $35k and the heads are worth $25k, for the same initial outlay.
ADN CHART, page-1625
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $23.75M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $14.34K | 1.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 29116227 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 16375466 | 25 |
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| Last trade - 15.59pm 30/09/2024 (20 minute delay) ? |
| ADN (ASX) Chart |