Bush Bash,
The options give you the right but not the obligation to exercise them for $1.20 at any time up until they expire on 6 April 2024.
This means that you should exercise them by paying $1.20 at any time in the next 2 years but only do so when the price is in excess of $1.20.
You could leave it until early April in two years to exercise when the share price could very well be $5.00.
If the share price does not exceed $1.20 you should not exercise them. If the price exceeds $1.20 you do not have to exercise them but financially , you should.
Ann: Proposed issue of securities - SMN, page-9
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Last
71.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $97.52M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 71.0¢ | 68.0¢ | $13.94K | 19.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1061 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 16598 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SMN (ASX) Chart |