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
Hi Con80I think if you take another look at the options...
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Last
34.0¢ |
Change
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Mkt cap ! $493.8M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.0¢ | 33.5¢ | $724.1K | 2.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 60483 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 55452 | 4 |
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| IMM (ASX) Chart |