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On a pure trading basis, working off a percentage return, if you...

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Bogart88

137 Posts.

59

20/08/24

13:34

Post #: 75285863
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Originally posted by Chutney59: ↑

Two comments to make gents.

1. Can't see the value in the Options @ .2 cents when they are so far out of the money and have only a modest time period to exercise date. Wouldn't the fully paid shares be better value at .6 cents? The exercise price at 2 cents is a long way off atm. The track record for companies issuing options and never seeing them exercised was pretty strong when I last saw the statistics, over 50%. "Money for jam" one Director once told me, "we get money in the till for no dilution at all if we put the strike price just out of reach". Don't get me wrong, I suspect there will be strong share prices gains within two years and they will be exercised.

2. Anyone notice that down the page on the announcement made today it's revealed that there are 209 million shares from the rights issue still to be placed? That's $1.25 million the company didn't get. The brokers have three months from memory to place them. One option for every two shares.

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On a pure trading basis, working off a percentage return, if you assume the shares go to 1c, then that's a 50% return from current prices. The options are likely to go to .4 or .5c which in percentage terms will give you a getter return at 100 to 150%

DTR Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $13.32M

Open	High	Low	Value	Volume
0.6¢	0.7¢	0.6¢	$119.9K	19.65M

Buyers (Bids)

No.	Vol.	Price($)
16	8126020	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	3330149	2

View Market Depth

No.	Vol.	Price($)
16	8126020	0.005
15	13506448	0.004
3	7100000	0.003
4	2300001	0.002
3	3500001	0.001

Price($)	Vol.	No.
0.006	3330149	2
0.007	4964000	4
0.008	4185417	9
0.009	5576971	5
0.010	3299995	4

Last trade - 15.57pm 28/08/2024 (20 minute delay)

DTR (ASX) Chart

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