If you're implying that you don't expect the SP to be above 16c in 2 years (making the alternative strategy sound)... one would wonder why you consider FGR a worthwhile investment at all.
Totally see where you're coming from though. But if we're under 16c in 2 years, I'll consider FGR my worst call of all time
To lead this conversation another way... this reminds me a LOT of the offer TLG did a while back (2 years?)... There are sooo many parallels. The share to option ratio I think is the same or similar, the price in TLGs case was 0.02c.
Now, even with those options not in the money, their long validity meant that in a very short amount of time, they were trading on the open market at 0.08c... I was kicking myself because I totally forgot to pay for my share and missed out.
Now, they're generally above 0.20c... I missed out on an easy 10x return.
Honestly, I think anyone here would be maaaaaad not to take up their entitlement even if to only sell them on the open market a week later. A profit is highly likely as holders up their bids to acquire more than their allotment, especially in light of FGR's triple chance draw.
Oh how I wish the OB's had a second chance in them.
Have fun all.
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Ann: Entitlement Issue Prospectus, page-21
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $32.96M |
Open | High | Low | Value | Volume |
5.1¢ | 5.2¢ | 5.0¢ | $12.99K | 252.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20500 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 98292 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20500 | 0.049 |
1 | 1166 | 0.048 |
2 | 8412 | 0.047 |
1 | 21739 | 0.046 |
2 | 116666 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 98292 | 1 |
0.052 | 329920 | 4 |
0.053 | 134315 | 1 |
0.054 | 261051 | 4 |
0.055 | 35100 | 2 |
Last trade - 15.52pm 08/08/2024 (20 minute delay) ? |
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