So the destroyer of worlds is now saying the oppies are no good. Joke.
Compare what we know about Storm today with what was known one year ago as the 2023 major drilling campaign kicking in, and you will get some idea of where SP will go as mineralised intercepts and assays come in from the much better focused 2024 campaign.
It will confirm and expand the known resource by many times (IMO)
What oppies always offer is leverage - there are one million AW1Os up for grabs at 4c right now - that gives 4x leverage with heads at 16c on a rising tide.
Lets say heads 3x on results - ie 48c - then the value of oppies at exercise is 28c - ie 7x from today's cost.
Do your own calculations and estimations - is it best to buy heads or oppies - or what mix suits you?
Disclose I hold ~ 1 mill of each - so DYOR, because I am biased.
AW1O, page-351
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $67.29M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.3¢ | 12.5¢ | $399.0K | 3.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 94985 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 303846 | 4 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
13.3¢ |
Change
0.005 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 13.5¢ | 12.5¢ | 408330 | ||
| Last updated 15.45pm 24/05/2024 ? | |||||
| AW1 (ASX) Chart |