It appears that many of the option holders do not seem to have the required cash to convert to heads without having to sell some of the shares. And it obviously becomes a vicious circle because as they sell the shares, this drags down the price of the options even more exponentially and hence forcing them to convert even more.
With oppies, you always always need to have cash to convert. I hope this is a lesson for those - play with oppies only if you have the cash to convert and not have to raise money elsewhere.
- Forums
- ASX - By Stock
- Ann: Excellent Lithium Intersections from Manindi Pegmatites
It appears that many of the option holders do not seem to have...
-
-
- There are more pages in this discussion • 198 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $17.45M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.4¢ | $21.24K | 855.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1043036 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 87538 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1043036 | 0.024 |
3 | 1321523 | 0.023 |
7 | 1977998 | 0.022 |
2 | 642857 | 0.021 |
2 | 150000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 87538 | 1 |
0.026 | 110000 | 2 |
0.027 | 156000 | 4 |
0.028 | 721292 | 3 |
0.030 | 471684 | 5 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
MLS (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online