Options expire 26th of November 2024.
9 months for SP to raise above 9.7c essentially or a MC of over $12M. - Easily Achievable
Agree the timeline is short, however MTM doesn't necessarily need real traction, just a few positive announcements/moves in the right direction. Even if real traction is 6 months plus out from November the SP will reflect the anticipation.
I'm confident enough positive news will be released between now and the end of the year.
It's a gamble, but the SP is reasonably priced at the moment and the options are relatively cheap vs. the heads.
Worth a punt IMO...
GLTAH
Options expire 26th of November 2024.9 months for SP to raise...
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Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $13.49M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.5¢ | $77.41K | 1.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 196181 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 285875 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
4.8¢ |
Change
-0.001 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| 4.9¢ | 4.9¢ | 4.5¢ | 470750 | ||
| Last updated 15.33pm 24/05/2024 ? | |||||
| MTM (ASX) Chart |