88E 33.3% 0.2¢ 88 energy limited

No worries d thought as much. I'm also doing the same as you...

  1. 142 Posts.
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    No worries d thought as much. I'm also doing the same as you especially since the oppies are discounted with no time value and profiting from the non existent intrinsic value at present.

    I think @mancini26 posted earlier about the oppies value on the options thread and I could not agree more. The only reason I can think of with the bargain discount at present is given the fact that they expire in less than 12 months time thus no CGT benefit of holding them and disposing them, but I could be wrong as that's my own speculation. For me though it's the leverage as I plan to exercise them closer to expiry given that I will be free carried upon conversion regardless as I got mine when they were 0.4 cents per option early 2016 and intend on holding my heads upon conversion until 88E is taken over or otherwise. It's only a modest holding of a million units in comparison to some others on here who have multi millions of units but it will change my life if all goes successful with project Icewine.

    Good luck to all holders, not too long to go now team 88ers
 
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