Options At Tipping Point

As SGC share price creeps within 0.1 cent of 4 cents this morning the options, SGCOA, are at the tipping point to being "in the money" - its exercise price is 4 cents any time up to 31 Dec 2021.

The significance to that is twofold:
1. Whilst its unlikely holders of the options will exercise the options anytime soon, it does give some sense of possibility that SGC will eventually be $6 million cash better off (150 million x $0.04 = $6.0 million).;
2. The option price will likely increase in both liquidity, and be more "closely attuned to the share price" (approaching but not exactly 1:1 price movement).

This will become more evident as SGC moves up higher than 4 cents - which I'd expect will happen if Borba drilling is announced.