LKE 6.98% 4.0¢ lake resources n.l.

LKE towards TOP-5, page-163

  1. 21,179 Posts.
    lightbulb Created with Sketch. 2055
    Sushie, the LKEOCs can be traded exactly the same as the ordinary shares. But, they are completely different animals, as they do have an end date, being 22 June 2022, when you have to pay the .75 exercise price, or lose them completely.
    But, if you already hold them from your previous holdings, you can sell them anytime up to 22 June 2022, and if you buy more now, just treat them like your other shares.
    If you don't pay the exercise price of .75 by 22 June 2022 ,they disappear with no value at all after 22 June 2022, so, you MUST be much more careful holding them. And their value is VERY dependent on how the ordinary shares perform.
    But, if "played" appropriate to the relevant prices, they have the potential of much higher percentge returns at a lower outlay.i.e. "If" the ordinary shares go from, say, $1.10 to, say, $1.35, up 23%, the LKEOC's, on current indications on how they are being valued, will more than likely go from, say, .40 to .65, up 62.5%.Just don't do nothing once you hold them!!!
 
watchlist Created with Sketch. Add LKE (ASX) to my watchlist
(20min delay)
Last
4.0¢
Change
-0.003(6.98%)
Mkt cap ! $66.52M
Open High Low Value Volume
4.2¢ 4.3¢ 3.9¢ $753.4K 18.59M

Buyers (Bids)

No. Vol. Price($)
4 731925 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
4.1¢ 760271 12
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LKE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.