Just for clarification, I also checked up on the market release for ARDOB, it has an exercise price of $0.025. Total cost to buy 100 000 shares would equal ($0.003 + $0.025) x 100 000 = $2800. Thus if ARD goes to $0.04 and get exercised, I am looking at ($0.04 - $0.028) x 100 000 = $1200 ahead of the curve than if I chose to buy 100 000 shares when the price was at 4c. Difference being that I'm only risking $300 upfront. Profit of 400% on the initial investment, with a decent chance of losing a small amount if the ARD price does not exceed 2.8c by September of this year.
An alternative would be: I buy $2800 @ today's share price @ $0.011 = 254 545 shares. If ARD goes to 4c (now irrespective of timeframes), I'd be looking at (4c - 1.1c) x 254 545 = $7381 profit on my inital investment of $2800. That translates to a 264% profit if I sell at 4c. Risk remains that the company goes bust, but if I don't sell and have the $2800 available, I'm able to ride it out and see a nice profit.
The money at risk upfront is also 933% more though, and puts the 400% growth into perspective. Thus each method has merit, and depends on each person's risk profile?
Would you say this is a fair set of calculations Cumberland?
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Just for clarification, I also checked up on the market release...
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $22.93M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.6¢ | $40.41K | 2.525M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 101980 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1388381 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 101980 | 0.016 |
7 | 1418326 | 0.015 |
10 | 2990046 | 0.014 |
7 | 1978397 | 0.013 |
4 | 1502745 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1388381 | 3 |
0.018 | 2570570 | 9 |
0.019 | 3986277 | 13 |
0.020 | 2147821 | 9 |
0.021 | 1127256 | 4 |
Last trade - 15.39pm 29/07/2024 (20 minute delay) ? |
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