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ENV

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4.76%

2.0¢ enova mining limited

Agree 100%. The oppies are very undervalued and represent...

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PJMac

1,043 Posts.

441

29/02/24

13:34

Post #: 72670492
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Originally posted by debono: ↑

What an interesting stock.
The arb play is one of the best I have ever seen. With nearly 4 years to run on the oppies it is very low risk imo. The heads would need to drop to around 2.5c to meet fair options value of 2c with so much time until expiry.
Buying options now at 2.2c then exercise means 3.4c outlay. Sell 3.9c for an quick .5c or 13% profit for doing nothing except taking time risk ie in the time it takes to exercise the SP could possibly fall (or it could go up).View attachment 6000982

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Agree 100%. The oppies are very undervalued and represent massive value with the heads currently at 4c. The should trading much higher.

ENV Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.0¢		Change -0.001(4.76%)		Mkt cap ! $19.15M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.0¢	$114.7K	5.570M

Buyers (Bids)

No.	Vol.	Price($)
9	2618624	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	2132105	6

View Market Depth

No.	Vol.	Price($)
9	2618624	0.019
10	5237777	0.018
6	5049705	0.017
15	5683516	0.016
13	2782833	0.015

Price($)	Vol.	No.
0.021	2332105	7
0.022	1699377	8
0.023	460000	3
0.024	668000	2
0.025	966468	5

Last trade - 10.56am 30/04/2024 (20 minute delay)


Last 2.0¢			Change -0.001 ( 4.76 %)
Open	High		Low	Volume
2.1¢	2.1¢		2.0¢	3867055
Last updated 11.46am 30/04/2024 ?

ENV (ASX) Chart