Australia's largest stock trading and investment forum Australia's #1 stock forum

PM1

Click for more information

0.00%

3.8¢ pure minerals limited

Ann: Prospectus, page-3

First 3 Last

Share
Profile

Follow
Tradingdreamz88

4,933 Posts.

940

20/12/17

17:33

Post #: 29780012
Share

Originally posted by tm413 ↑

Very interesting.
67,500,000 Listed options
Strike price .03c
Expire dec 2018
No cash payment for these options

Options offered to -Xcel captial which is a Marketing & investor relations services provider.

So basically this company has taken free options in replace of a payment for their services.
These options are traceable & have a strike of .03c which is almost 50% higher then where we sit today.

Why would they do this?

Only way to profit from this instead of just receiving a cash payment is to sell those listed option on, giving new investors are interested in buying them, or, they think the 3c strike price is going to be a steal. Sit on these options for 12months, transfer for 3c per share & be sitting on a nice profit.

Expand

Sorry 'tradeable' not traceable

PM1 Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

LSR

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

There are more pages in this discussion • 17 more messages in this thread...

First 3 Last

Add PM1 (ASX) to my watchlist

SPONSORED BY