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2.90%

6.7¢ mtm critical metals limited

s/p at above 9.7c the MC will never be $12m. it's close to...

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Trade4Profit88

10,406 Posts.

726

26/02/24

09:17

Post #: 72590548
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Originally posted by REMIKE23: ↑

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

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s/p at above 9.7c the MC will never be $12m. it's close to $29m at 9.7c+, so forget about the options as it will never be ITM by expiry date, at 25cps MC will be $72m, it may hit $72m MC but it won't happen before the option expiry.

MTM Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.7¢		Change -0.002(2.90%)		Mkt cap ! $18.83M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.7¢	$15.91K	236.3K

Buyers (Bids)

No.	Vol.	Price($)
4	88800	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	60285	1

View Market Depth

No.	Vol.	Price($)
4	88800	0.066
7	749627	0.065
1	2165	0.064
1	50000	0.063
3	59129	0.062

Price($)	Vol.	No.
0.067	60285	1
0.069	7477	1
0.070	309942	2
0.071	200000	1
0.072	65224	2

Last trade - 15.51pm 07/10/2024 (20 minute delay)

MTM (ASX) Chart