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2.78%

3.7¢ hammer metals limited

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OldeCrusty

266 Posts.

36

20/06/20

01:03

Post #: 45338775
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Originally posted by blazer77: ↑

That makes very little sense. You'd buy them for $8k to throw away $8 because you can buy them again at $25k when they're worth a lot less presumably because results are bad? Oppies aren't much leverage at the moment, because with 3 months left, you'd almost assume you have to convert them anyway.... which will cost you the $38k total regardless. Or if you don't have the $30k you need to convert them, you'll need to dump them to someone who does. They'll trade less and less and with negative discount the closer we get to Sep.

You're really gambling on the timing of a move if you buy them now.

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I would argue different.. I picked up some oppies today at 0.7c... head price was 3.8c and exercise price was 3c...

expiry is 30th Sept 2020... so 3.5 months to run.

I have leverage to the upside but minimal downside if price stays the same.

I have the cash and willingness to convert if required.

My reason for buying is upside potential... I believe in the company and it's upside... simple investment really..

HMX Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

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(20min delay)
Last 3.7¢		Change 0.001(2.78%)		Mkt cap ! $32.79M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.7¢	$990	26.75K

Buyers (Bids)

No.	Vol.	Price($)
2	521127	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	123243	1

View Market Depth

No.	Vol.	Price($)
2	521127	0.036
3	316429	0.035
4	667424	0.033
4	426000	0.032
2	36282	0.031

Price($)	Vol.	No.
0.037	123243	1
0.039	179872	1
0.040	157500	2
0.042	100000	1
0.043	50000	1

Last trade - 14.16pm 12/07/2024 (20 minute delay)

HMX (ASX) Chart