Oppies, page-2

Hi @samven007

The options are traded separately from normal 88E shares - you will find them under the ticker symbol 88EO - and you can buy and sell them through any normal ASX brokerage account (e.g. CommSec) just like you do 88E shares.

These options give you the right - but not the obligation - at any time between now and when they expire in March 2018 - to convert them into normal 88E shares by paying the "strike" or "exercise" price - which in this case is $0.02c.

So - if you have 100,000 options, you would pay $2,000 to the company - and they would give you back 100,000 shares.

Alternatively, you could simply sell the options back in the marketplace.

The real advantage of the options (imho) is that they give you more leverage - as you can purchase more of them for the same money - so if you believe (as I do) that the share price will be higher in future, then options give you a bigger exposure to that future price increase.

The flip side is the increased risk because they do expire. So - if things stall or SP goes down - then you might find that they are underwater (worthless) at the time you want to sell them.

There are a few threads discussing the options (including another one also titled "Oppies" just above yours) - well worth a read. A poster by the moniker @NewToItAll did an excellent write-up in far more detail.

Good luck!