yeah, but 4 cents is 4 cents for a share today in XPE. I can buy...

First 87 Last

Share
Profile

Follow
Stockcount

4,303 Posts.

823

20/07/17

17:33

Post #: 25989090
Share

Originally posted by AlCp ↑

I don't think those that took up the option are looking at 4c (i.e. 2c before consolidation), they've bought way higher than that before the consolidation (around 3-4c), they are looking at more than 8c for them to get real value from the option, allowing them to double their money from the options but only costing them very little to participate.

In a sense, this allows them to average down (by at most 50%) with minimal risk instead of buying now and averaging down which is very huge risk right now (in particular given the CN still has 1-2 dumps left next month), however, this does means XPE needs to attract new buyers to push the pps which isn't happening currently and so the CN dumps has crashed it to these low values.

The only thing management can currently control is their cash flow (i.e in particular the director's salaries) which is totally out of alignment from their current MC and how the market values them to re-gain confidence, then work on getting more revenues to build the company's value and pps.

Expand

yeah, but 4 cents is 4 cents for a share today in XPE. I can buy today at 1.4c and after the CNs dump some more, maybe 1.2c or less.

The expiry time on the options is ridiculously short. Or suspiciously short.

The good money to be made would be in the options themselves. For every cent over 4c, the options will go up in value by 10 times. That is very tempting.

Personally, I did not take up the options. Why buy at 4c when I can today at 1.4c ! The XPE story will take longer than 6 months to reach its potential.

I will buy some more to tidy up my position at these low values and if it drops to 1c I will buy some more then as well.

XPE Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD