Hi Con80
I think if you take another look at the options subscription documents, you'll find the conversion price is 20 cents at any time, right up to the expiry in 2017.
The share price at the time of conversion is irrelevant .
So if you purchased oppies now at 4 cents and chose to convert them when the heads are at 30 cents, your converted shares would have cost you 24 cents and your paper profit would be 6 cents.
Cheers K
prro options may become very attractive, page-8
Add IMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.5¢ | $469.8K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 297652 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 7500 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |