Hi Folks,
I bought the 197,507 options at 7 cents. It does seem expensive compared to the heads but the context is where you expect the future price to be. My call is that we should be at $1 sp by EOFY as one of the projects will be in production or just about to start.
For fun, I have made a comparison of the purchase I made against spending the equivalent on heads and you can see that, with my target, there is a massive gearing gain with the options. Of course if my target is wide of the mark, I'll either make a motza more or potentially lose $14k.
I was slightly surprised to see the % profit improve a little if I sold oppies to convert rather than used external money - probably an error in my spreadsheet logic somewhere. In reality, if, at that point, I expect the sp to go to $2 (which I think will be my position) I will be finding the cash from elsewhere.
Code Units Price ($) Cost ($) Target
EOFYHolding
ValueProfit % 1 VRXO 197,507 0.07 13,845 0.82 $161,956 $148,110 1170% 2 VRX 72,871 0.19 13,845 1.00 $72,871 $59,025 526% 3 4 5 Option
Strike
CostSell Options to cover Residual Heads Cost ($) Target
EOFYHolding
ValueProfit % 6 35,551 29152 168,355 13,845 1.00 $168,355 $154,510 1216%
Cheeers,
Keith
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Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $17.59M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.8¢ | $5.35K | 192.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 333580 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 148525 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 333580 | 0.026 |
3 | 85000 | 0.025 |
1 | 100000 | 0.024 |
1 | 45451 | 0.022 |
4 | 319998 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 148525 | 1 |
0.030 | 170164 | 2 |
0.031 | 240832 | 3 |
0.032 | 409896 | 3 |
0.033 | 16193 | 1 |
Last trade - 13.03pm 02/09/2024 (20 minute delay) ? |
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