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7.69% 1.4¢ king river resources limited

$1000 at 3.6 cents will buy 27,777 options, exercisable within 2...

  1. MrKeb
    832 Posts.
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    22/07/18
    16:25
    Post #: 34505313
    $1000 at 3.6 cents will buy 27,777 options, exercisable within 2 years at 12 cents per share. If the share price goes to say 20 cents, I exercise at cost $3,333, plus the option cost $1000, net cost $4,333 for shares worth $5,555. Of course I'd be hoping for more than than 20 cents, but thought I should be conservative for Wot's benefit.
    KRC Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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