88E 0.00% 0.2¢ 88 energy limited

NewTolts Options Post, page-6

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    Options are not my area, so please correct me as appropriate.
    Current options price is 2.2-2.3cents.
    So to exercise them, you pay the 2cent strike price and they cost you 2.2cents. All up 4.2cents. Current heads at 3.9ish.
    Can't see the value there. Or am I a numpty, which is more often the case.
 
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