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Morning Trading August 11, page-288

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FXm

40,144 Posts.

585

11/08/23

12:51

Post #: 69289414
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Originally posted by sharebroker1: ↑

OT
FXm, Its a wonder there is a buyer at all for CLAO, given they have a strike price of 4 cents expiring Mar 24.
Will be 0.001 seller soon imho.
that is the problem when you buy crappy options, need to check strike price these probably will expire worthless imho.and in the meantime hang around 0.001 seller.
Especially given Silvercorp appears to be offloading their entire 300 million plus CLA shares on market .

No wonder i hate the ASX, how can all this happen. shareholders get bent over time and time again, not the companys fault, just at the beck and call of this type of thing

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Still 6month left to expiry with CLAO's anything can happen in that time, especially if they get other offers. Personally, I never buy oppies to convert them, I buy them at bargain prices and at the very least try to double my money on them. So with CLAO's I'm waiting for some at 0.1c
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