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1.67%

6.1¢ invictus energy ltd

Good answer guys, If the SP goes up, you have locked your price...

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strejd

244 Posts.

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23/05/22

15:54

Post #: 61570069
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Originally posted by MorbidFury: ↑

Hi Strejd, a valid question but the the way the $0.35 options will work once approved and listed .

Put simply, It will be in the money if the share price is above $0.35 (i.e. if the SP goes to $0.50 pre spud) option holders could convert to shares and sell if they chose to, however if its below $0.35 until expiry 1 year from now (which I don't see happening by the way, only if both drills find no commercial oil & gas ) the options are useless as they can buy on market.

Hope that settles it

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Originally posted by witchdoc86: ↑

Imagine you have a fairly valued stock at $0.20 share price, with a 20% chance of reaching $1.00 and 80% chance of becoming $0.00.

Your option, with an exercise price of $0.35, would therefore be worth 20%*(1.00-0.35) = 0.2*$0.65 = $0.13c.

Because math.

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Good answer guys, If the SP goes up, you have locked your price at $0.35 and 12 months to pay. If it goes down, well ...

Thanks for your reply.

IVZ Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 6.1¢		Change 0.001(1.67%)		Mkt cap ! $86.49M

Open	High	Low	Value	Volume
6.0¢	6.2¢	6.0¢	$67.21K	1.106M

Buyers (Bids)

No.	Vol.	Price($)
6	246460	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	4866	3

View Market Depth

No.	Vol.	Price($)
6	246460	0.060
4	184796	0.059
4	249000	0.058
3	435104	0.057
4	655585	0.056

Price($)	Vol.	No.
0.061	4866	3
0.062	14395	2
0.063	37704	3
0.064	7140	1
0.067	44226	1

Last trade - 12.01pm 06/06/2024 (20 minute delay)


Last 6.0¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
6.1¢	6.2¢		6.0¢	626370
Last updated 12.07pm 06/06/2024 ?

IVZ (ASX) Chart