ERH 0.00% 2.9¢ eromanga hydrocarbons limited

Dacata,ERHO are not for trading. They will benefit from a rising...

  1. 336 Posts.
    Dacata,

    ERHO are not for trading. They will benefit from a rising share price by exercising as you get 2 shares for exercising the two options, the ERHO at 10 cents and then exercising the piggy backs at 20 cents.

    Eg. If ERH is $1, then ERHO's should be $1.70. 2 x share price less 30 cents to exercise.

    So, the game here is to pick up as many ERHO as you can when the ERHO price falls below 2 x the share price less 30 cents. At a 45 cent share price, the ERHO should be worth 60 cents.

    With each 1 cent increase in the ERH share price, the price of ERHO will rise two cents.

    That is the beauty of ERHO. Not trading.

    Regards

    Kojasper
 
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