If I can start making a point. My best returns have come from companies that are near death and do cap raises. Why? because I get a lot of shares and the high perceived risk means the price is very low. Once they survive and thrive I end up with a lot of shares and make money. the kicker is I have done the work (and felt the pain to get to know the co). I think Galaxy itself is one such.
Conversely some of my worst decisions have been not to dig deep.
For my loyal ATC compatriots, I will endeavour to work out a theoretical price for the oppies by the binomial method once I have a date for the 8c oppies. it involves a calculation of volatility and a appropriate risk free rate to take. it is easier than the black Scholes model for me and within bounds of accuracy. [Unless you guys ask me not to preferring to seek an information edge].
all IMVHO and please DYOR.
ATC Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
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