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5.00%

2.1¢ arizona lithium limited

AZL General Discussion, page-1719

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Cleaver1

403 Posts.

47

14/11/21

08:21

Post #: 57558901
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Originally posted by ziyou: ↑

No, you pay 5c for the opportunity to convert your option to a full share (head) by or before Nov 2022, if you decide to convert you pay a further 12c (12c options) to have a full share, so the full share has cost you 17c,you woulkd do this if you expect the share price to be 17c or higher on or before Nov 2022, you can convert at any time once you have bnought your option (s) . If you decide not to convert your option lapses by the date in Nov 2022 and ytou lose the 5c . Alternatively if the share price rises the option price could rise also and you could simply sell your option, Buying and selling is done through your usual share purchase , either a broker or Comsec or Westpac Broking or Self Wealth if you are with them.
Currently the option (AZLO) price I believe is 4.7c so it is currently "out of the money" ie conversion price would be 4.7c + 12c , much higher than current share price (12c)
Trust this helps explain.

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Thats it, best to be Bullish (positive) on the share price increasing if buying these options. Which all here are expecting. IMO

Last edited by Cleaver1: 14/11/21

AZL Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.001(5.00%)		Mkt cap ! $93.95M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$71.14K	3.491M

Buyers (Bids)

No.	Vol.	Price($)
5	1273970	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	2298878	9

View Market Depth

No.	Vol.	Price($)
5	1273970	0.020
7	850948	0.019
25	5501965	0.018
24	5372576	0.017
18	5418822	0.016

Price($)	Vol.	No.
0.021	2298878	9
0.022	3480664	16
0.023	2782795	9
0.024	4229584	13
0.025	2323232	13

Last trade - 16.10pm 11/07/2024 (20 minute delay)

AZL (ASX) Chart