Can someone help me with my math please.
Lets say you hold 5 million in your name and 3 million in the wife's name 8 million shares.
8,000,000/9= 888,888 x 2 = 1,777,777 shares can be bought at 1c so a cost of $17,777 plus one option.
So lets say within 6 months we hit 2 c, I can then exercise my option at 1 c. (888,888 shares) costing $8,888 so a total out of pocket expense of $26,665.
If someone was to then sell those shares at 2.5c (2,666,665 shares) $66,666 a profit of $40k? (plus still holding 8 million shares).
Seems like 2.5c is not that unrealistic if AI port and sales in Japan increase in the next 6 months? .
I hope my maths is right?
- Forums
- ASX - By Stock
- Ann: Non-Renounceable Issue Entitlement Offer Prospectus
Can someone help me with my math please. :)Lets say you hold 5...
-
- There are more pages in this discussion • 10 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 MEM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.679M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $10.07K | 1.438M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 179555 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 777047 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 179555 | 0.007 |
10 | 7773499 | 0.006 |
6 | 3248000 | 0.005 |
2 | 900000 | 0.004 |
2 | 800000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 777047 | 6 |
0.009 | 125000 | 1 |
0.010 | 1944604 | 3 |
0.011 | 286112 | 2 |
0.012 | 750000 | 2 |
Last trade - 15.47pm 28/06/2024 (20 minute delay) ? |
Featured News
MEM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online