Indeed, if the price holds up and you sell for 7.0c you will have a 15-bagger on your original 0.1c cost - plus all the free options.
Of course, you were always going to have to pony up the 5.5c per right on top of the 0.1c cost (which is why CommSec settled at $56k, i.e. 5.6c per right), so it's really only a bit over 20% profit, plus the free options. But still pretty good for a month's work. Grats.
P.S. Just in case you think this profit was inevitable - the more usual course of events would be for the shares to trade at 5.0c or so after they go ex-rights. Something else has lit a fire under the share price in the past few days, and that seems to be the announcement of Oct 20.
ICG Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
