They expire on that date which means if you don't convert or sell them by that date. Then they go bye byes along with your money.
Not sure but I think these ones are 1c per Oppie to convert to FP shares.
If you buy oppies at 0.001 and convert them at .010 then your in price on the stock is .011.... So you want the SP preferably above that figure to turn an instant profit but you could also consider if the SP is say around .010 that you could convert and carry the loss of .001... I guess it depends on the availability of stock at that price against the amount of stock you could be chasing...In options.
If the SP is considerably greater than the Oppie conversion then you might get other punters wanting to buy the Oppies proportionally to the expected profit from them... SO if you buy now and the SP is say 1.5c - 2c before the Ex date then someone might want to pay above .002c for them.. 100% turn profit or more on .001.. High gains against high risks...
Anything could happen between now and then... Diamonds or Gold or nothing. Thats the punt.
CFR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
