I fail to see why investors would cough up .03c for the options which are exercisable at $1.02 in a few years time.
Surely you would better off buying the NSC shares at .875c which is at a discount to NTA (based on April NTA) and pick up the 6% plus ff dividends over the next few years.
If by some chance the share price does sky rocket and the options become attractive then you will also go for the ride as you already own the shares at a much lower base.
DYOR
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Last
53.5¢ |
Change
-0.005(0.93%) |
Mkt cap ! $72.21M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 54.5¢ | 53.0¢ | $125.1K | 233.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49873 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 78777 | 3 |
View Market Depth
| Last trade - 15.42pm 17/05/2024 (20 minute delay) ? |
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Last
53.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 53.5¢ | 54.5¢ | 53.5¢ | 52949 | ||
| Last updated 15.42pm 17/05/2024 ? | |||||
| NSC (ASX) Chart |