Unless you had no intention of converting the Options and instead trade them on-market. It is often that the price of the Options will be the Share Price less the Conversion Price.
So, if you bought at 12c today and should the AGY shares suddenly be trading at 30c, you will have a profit from todays price of 18c (30c price less 12c paid), or 150% profit.
If you buy the Options at 4c today, and the Share Price rises to 30c, the Options may (may...) be worth 10c (30c Shares less 20c conversion), or 250% profit.
A slightly different outcome for a trader.
However, I'm a shareholder not a trader. I am in favour of converting the options, assuming they're in-the-money or close enough. If AGY gets to 20c or above (maybe even 18c, I'd be willing to take that 2c hit), I feel the extra cash it brings into AGY would help the company grow faster, benefiting me as a shareholder far greater in the future than taking a measly small profit on an Options trade. But they have to prove they're succeeding beyond where we are today (funding for stage 2? funding for stage 3? a stage 3 offtake? generally a real pathway towards significant real cashflow).
AGY Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
