CTM 2.38% 43.0¢ centaurus metals limited

You bought OAs for the leverage. So now I'm about to contradict...

  1. 1,233 Posts.
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    You bought OAs for the leverage.

    So now I'm about to contradict myself. Just another angle.

    Imagine holding OAs (0.2c) as you do, OBs are 0.5 c and heads 1.2c

    Say 1 month from now, still 3 weeks from April 30, that heads are 3c.
    I would guess that OB's would be 1.7-1.9c
    OAs would probably not be far behind, since for 1c you can 'buy' a share worth 3c

    So from today heads up 150%,
    OBs up 250%
    OAs up 700% at 1.6c

    So if you can afford to convert in one hit. And, if 'necessary', are prepared to do so then holding them all is a realistic option.
 
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