I don't trade oppies but would like to know why ARVOB are a steal at 2 cents?
The way I understand it is that to convert them to actual shares you have to pay 5 cents on each option in June. So todays current price of 2.2 cents plus the 5 cents will be a cost of 7.5cents.
Are you so confident that in June ARV will be in excess of 7.5cents so your getting them cheap now?
My point is buy the shares at 6.1 cents now and if ARV are over 7.5 cents in June you have 1.4 plus cents anyhow. Am I off track here?
oppies on fire sale, page-19
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $26.83M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $1.554K | 118.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1044808 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1376392 | 11 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ARV (ASX) Chart |