Yes - options are (pardon pun) 1. Keep and convert before May (pay 1 cent per option to company) - they then get converted to "heads" - ordinary fully paid shares 2. Buy and sell (but be careful in 3 months prior to May - liquidity and leverage will diminish - see 3 below) 3. Keep and dont convert (you can get into this trap due to illiquidity - it may make no sense / result in greater loss if they are not in the money).
Sounds like there have been a few successful options stories this morning on other stocks - I like them for the leverage - but they definitely need care...
cheers MD PS - General question for the group - is there a way to easily get a listing of all the options on the ASX ?
RR1 Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
