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My take is (and could be wrong, have been once or twice...

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SmoothZT

731 Posts.

85

20/09/21

14:58

Post #: 56209298
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Originally posted by GT8 Sorpresa: ↑

Why would you not buy the ASNOC now?
Because buying the new 9.1cent option gives you the second option at 20 cents. If you see ASN being plus 60 cents in 2023, you can sell one share to fund 3 new shares at no cost to you. Personally, I think it's worth the risk as I would think it will be higher than 60 cents in mid-2023 which only gives you more free shares. Don't forget you are paying about the same money for an ASNOC with the 3.5 cents added as a share in the new 9.1 cent options. But you don't get the second 20 cent option.
Please let me know if I'm missing something here, as this is the way I'm going.

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My take is (and could be wrong, have been once or twice before)…

Buy ASN heads now and get free 9.1c oppies with 1 year to execute converting to a new 20c oppy with 2023 expiry. Potential outlay for 1 share 29.1c total. Share price needs to be 30c by 2023 for a profit/saving.

Buy ASNOC oppies now for say 7c with 3.5c exercise price with 2023 expiry. Potential outlay for 1 share 10.5c total. Share price needs to be 11c by 2023 for profit/saving.

Only catch it trying to find holders silly enough to list their ASNOC I guess, tell me where I am wrong.

ASN Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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Last 6.7¢		Change -0.001(1.47%)		Mkt cap ! $92.77M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.6¢	$40.67K	605.5K

Buyers (Bids)

No.	Vol.	Price($)
1	600	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	297506	1

View Market Depth

No.	Vol.	Price($)
1	600	0.067
4	940010	0.066
9	947879	0.065
2	220000	0.064
2	340000	0.063

Price($)	Vol.	No.
0.068	297506	1
0.069	157128	5
0.070	19745	1
0.071	3000	1
0.072	57234	2

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