Very interesting to see that ARVO are trading at a discount, compared to usual premium. Sure they will expire soon (<3 months) but that should be insignificant.
Anyone can buy now at 5.4c and exercise for 2c which makes total 7.4c cost and if can sell for 8c, then that's a profit of approx 8%. (assumes that the price stays at 8c and return excludes commission.) Of course there is opportunity cost of needing to wait for options to settle and waiting for options to be exercised into shares.
Ann: Excellent Cobalt and Gold Results - Carlow Castle Drilling, page-64
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.00M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $4.114K | 342.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1126543 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 498201 | 3 |
View Market Depth
| Last trade - 10.00am 15/11/2024 (20 minute delay) ? |
| ARV (ASX) Chart |