MNS 0.00% 4.2¢ magnis energy technologies ltd

That would mean your cost basis of the share is (the original...

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    That would mean your cost basis of the share is (the original cost of the option (50c) plus the conversion cost (10c) ) = 60c. So if you sold a few days later @98c, the gain would be 38c... even though on the date you converted the price was a dollar.

    The clock starts again for the Capital gains discount though.
 
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