MGUO, page-5

Yeah your logic is correct overall. You might not get all the options at 2.5 cents unless some more come on offer at that price, but near enough right now!

You’re still betting on the share price rising of course, so that’s the main risk you’d take, it ‘could’ never recover from here.

The other risk I can see is the option expiry date; you’d be betting on the MGU share price getting back to 11 cents before option expiry date of 30 September 22.. not too much of a stretch hopefully..but still a consideration.

Im guessing you weren’t a holder for more than several weeks so the 50% CGT discount isn’t really a factor to consider on an future profit you may make.

Obviously not an endorsement or advice here, but there’s definitely some solid rationale to the idea.