It's a bit of an ask. MGF have been trading at a 15% discount to NAV for a while now. They would need to narrow that to 7.5% for the options to be in the money.
Although, I just had a look at the Market Depth and there are bids for over 68 million at up to 0.4c for MGFO. So it looks like a bit of money is executing your theory Moonshine. I have been accumulating MGF at 15% discount as I think it will either get back to NAV, or Magellan will convert it to MGOC, and there will be a premium to the MGOC performance. It's more like investing, while the options theory you describe is too speculative for me.
It's a bit of an ask. MGF have been trading at a 15% discount to...
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Last
$2.23 |
Change
0.000(0.00%) |
Mkt cap ! $3.361B | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.24 | $2.23 | $901.4K | 403.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 241901 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 60151 | 4 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| MGF (ASX) Chart |