Options (apprentice) will become heads or shares (tradesman) on the 30/06/2024 if you decide to convert them in other words pay 5.2c per option to convert and finish their apprenticeship so to speak...Once you convert you then will be issued 1 share for every one option you pay 5.2c to convert..
If you dont pay 5.2c per option before the 30/06/2024 you will lose them. You can sell them at any time if you choose just like a normal share. Just treat them as a share right up until you decide to sell or convert. Be careful as time gets closer to expiry selling options can become difficult so allow 2/3 months prior but in saying that pending what exciting things are happening at the time as well can create opportunities to sell much closer to expiry date
Why buy the options??
They have a very good long expiry, only 135M on issue, only 5.2c to convert....
Purchase price is currently 1.5c heads are sitting at 24c, options normally lag the heads by the conversion or strike price in this case it is 5.2s so if on the 16/11 when options are issued the heads are sitting at 24c the option should sit at approx 19c (24c - 5c) on the first day trading...not bad investment for 1.5c...
There wont be many options on the market...so liquidity will be a little less than the heads.
Hope this makes sense mate....
AEE Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)