This morning the last of the CTMOA bids was sold into, so whoever of us still hold OAs are stuck with them (at least for the time being!).
I have 10 million reasons to believe that they can still bring in a good return with heads hovering around .7c with over 3mths yet to go before expiry. Any good news could send these to 1c or beyond and re-create the market for these highly leveraged options!
Apart from appreciation of the CTM heads sp, other things may occur...
The company may "extend" the expiry of these (possibly for a 0.1c fee?) to keep this rich funding source alive, or is it even possible to have them converted (by company decree) into OBs (at a cost of course)?
I have seen the first option happen but never the second (is there precedent, does anyone know?)
I bought these very cheaply (with money I could afford to lose) and have a lot of OBs as a backup if these OAs do fall over in the end.
We are all confident that CTM will do well - it is just a question of whether April is too soon for these options to get into the money. If they *do*, the leverage is mouth-watering! Imagine CTM at 2c (say after announcing a juicy drill result) - OAs are worth 1c on their own - an instant 5 -Disallowed
Very high risk high reward at this point - no, right now they are NOT a buyespecially with the much safer OBs available.
I continue to hold and watch with much interest
sasa
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This morning the last of the CTMOA bids was sold into, so...
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Last
38.5¢ |
Change
-0.010(2.53%) |
Mkt cap ! $191.0M |
Open | High | Low | Value | Volume |
38.5¢ | 40.0¢ | 38.5¢ | $125.5K | 322.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10162 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 7022 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10162 | 0.385 |
1 | 20000 | 0.380 |
1 | 5401 | 0.370 |
1 | 10000 | 0.340 |
6 | 54560 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 20533 | 2 |
0.400 | 61978 | 2 |
0.420 | 15331 | 2 |
0.430 | 10000 | 1 |
0.440 | 79000 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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