VRX

18.2%

3.6¢ vrx silica limited

Daily price prediction thread, page-89

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WombatKeith

1,220 Posts.

258

03/11/20

15:30

Post #: 48613931

Originally posted by WombatKeith: ↑
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
EOFY Holding
Value Profit %
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
Cost Sell Options to cover Residual Heads Cost ($) Target
EOFY Holding
Value Profit %
6 35,551 29152 168,355 13,845 1.00 $168,355 $154,510 1216%

Cheeers,

Keith
Expand
Well,, I could have saved myself a few bucks if I had waited. ho hum.

VRX Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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(20min delay)
Last 3.6¢		Change -0.008(18.2%)		Mkt cap ! $22.61M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.5¢	$56.93K	1.551M

Buyers (Bids)

No.	Vol.	Price($)
1	25272	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	46033	1

View Market Depth

No.	Vol.	Price($)
1	25272	0.035
1	25000	0.034
2	91245	0.032
3	169500	0.031
2	103376	0.030

Price($)	Vol.	No.
0.036	46033	1
0.037	114975	1
0.039	83717	1
0.040	1120000	3
0.041	187598	1

Last trade - 16.10pm 03/06/2024 (20 minute delay)


Last 3.6¢		Change -0.008 ( 14.3 %)
Open	High	Low	Volume
3.9¢	3.9¢	3.5¢	194799
Last updated 15.55pm 03/06/2024 ?

VRX (ASX) Chart

Daily price prediction thread, page-89

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	Code	Units	Price ($)	Cost ($)	Target EOFY	Holding Value	Profit	%
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	$59,025	526%
3
4
5	Option Strike Cost	Sell Options to cover	Residual Heads	Cost ($)	Target EOFY	Holding Value	Profit	%
6	35,551	29152	168,355	13,845	1.00	$168,355	$154,510	1216%

Daily price prediction thread, page-89

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