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0.3¢ pursuit minerals ltd

just a question for you Alpha, using your scenario, what benefit...

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greenie64

631 Posts.

119

14/09/21

16:45

Post #: 56058004
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Originally posted by Alphaman: ↑

My understanding of options is slightly different and I could be wrong.

You buy x amount of options
Prior to expiry date you convert at strike price.

You can convert anytime up until the date and as greenie has said allow sufficient time for the request to be processed.

So an example is;

Buy 300,000 @ 0.009 = $2700
Convert your 300,000 @ 0.10 = 30,000 before expiry.

You now hold 300,000 shares rather than options.

If the SP was sitting at 20cents your shares are worth $60,000 and you have only had to pay 32700 plus any fees.

So while we still away from being in the money with the options. If you felt the SP was going to be higher in the future then you could take a punt with options.

Hope the above makes sense and I may be completely wrong.

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just a question for you Alpha, using your scenario, what benefit is there to the prospective option buyer to convert prior to the SP reaching 10 cents if the SP is less than 10 cents, as currently is with PUR. ? If the buyer believes the SP will be higher in the future, why not buy shares at the current lower price, saving oneself $17,700 using your 300,000 shares as the example

Last edited by greenie64: 14/09/21

PUR Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $10.90M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$12.61K	4.206M

Buyers (Bids)

No.	Vol.	Price($)
10	7636638	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	68003756	35

View Market Depth

No.	Vol.	Price($)
10	7636638	0.003
80	74389021	0.002
27	61999954	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	68003756	35
0.005	29610635	17
0.006	11795858	8
0.007	9126972	8
0.008	1178331	4

Last trade - 16.10pm 03/07/2024 (20 minute delay)

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