Most were large trades from one account to another, so just arranging between owning entities, for financial efficiency between them, without outright investment.
Your logic is OK, from one perspective.
However, consider this. If you believe price of MMN is bound for, say, $0.66, or more, that is a threefold increase from $0.22.
If MMN goes to $0.66, then expect MMNO to be worth $0.66 - 0.25 = $0.41, or more if a premium applies. This is 41/7 = sixfold increase, if you want to sell in that time.
Of course, if you want to hold on to MMN for longer term, and you have to convert MMNO to MMN, the equation reduces to $0.66 / ($0.07 + 0.25 = $0.32). This is a two fold increase.
Depends on your point of view about silver, MMN and MMNO for the long term.
- Forums
- ASX - By Stock
- MMN
- huge volume of options traded
MMN
macmin silver ltd
huge volume of options traded, page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)