MGX 1.18% 43.0¢ mount gibson iron limited

re: oppies at 10c discount thanks thesa the beauty of options...

  1. 214 Posts.
    re: oppies at 10c discount thanks thesa the beauty of options with this co. is that if you owned MGXOA and MGXOB from last year your effective entry price would've been 85c (once exercised.)
    So you could've sold FPO at say 67cps 5 weeks ago switched back into MGXOA once the employees oppies came out of escrow taken the significant "tax loss" for this FY freed up alsmost 50% funds previously invested in MGX and now be riding the current run with extra options in hand.

    yep! you needed to do this 5 weeks ago when no-one wanted mgx.

    from memory there are 11 mill mgxoa this time around so as these migrate from employees to traders liquidity will rise.

    every now and again the options get hit at a significant discount to the fpo.. last week it was at 53cps today 60cps and 62cps


    as ausual do your own research etc get your own advice.
 
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