At the moment you can exercise (i.e. buy) using those options…a share for LOM at 30¢ each. If you got those options for free…As in taking part in an SPP….or bought them on market for a small price….It is a good deal considering LOM is in the low 40's and likely to go higher….soon.
You would have got a form from Lucapa to exercise them. If you lost it ring them up and they'll send another. The exercise details are likely on the back of the form…Write a cheque, fill out the form, and send it in....It is a good deal, considering you will get another almost free option for each two LOM shares you hold next month. Not to mention the capital gain you will get on those 30¢ shares you obtained from exercising those options….
LOM Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
