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5.26%

1.8¢ arizona lithium limited

Thats it, best to be Bullish (positive) on the share price...

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Cleaver1

403 Posts.

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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 1.8¢		Change -0.001(5.26%)		Mkt cap ! $80.52M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.7¢	$162.4K	9.066M

Buyers (Bids)

No.	Vol.	Price($)
2	600000	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	1583942	10

View Market Depth

No.	Vol.	Price($)
2	600000	0.018
22	6992065	0.017
13	3025201	0.016
18	4029122	0.015
12	3728134	0.014

Price($)	Vol.	No.
0.019	1583942	10
0.020	2435168	15
0.021	7061466	9
0.022	3599533	14
0.023	2448316	11

Last trade - 16.10pm 26/06/2024 (20 minute delay)

AZL (ASX) Chart