You missed the whole point - it's zero gamble. I'm talking about investors looking to buy into HMX and hold for at least 6-12 months. I'm not talking about trading oppies. If you want to buy 1m at 3.8c now then you have 2 options- pay $38k today or pay $8k now for oppies and $30k in 3 months. If the SP is above 3c when you convert you'll be in exactly the same position as if you bought heads now - $38k cost.
If price drops below 3c for whatever reason you limit your downside exposure to $8k. So in my earlier example you could buy on market for $25k giving a total cost of $33k vs $38k if you went via heads route
Either way you tie up a lot less capital.
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You missed the whole point - it's zero gamble. I'm...
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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) ? |
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HMX (ASX) Chart |