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0.00% 1.0¢ magnetite mines limited

Hi blokes,ROYOA options are trading at 11-13cents, but are...

  1. joelbaby
    1,739 Posts.
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    27/03/08
    11:21
    Post #: 3511217
    Hi blokes,

    ROYOA options are trading at 11-13cents, but are exercisable at 20c.

    Why would you pay a total of 33 cents for a share you can buy as an FPO for 23c. The options look overpriced to me. Time value of money does not add on a 50% premium.

    I am buying some ROY though.

    Joel
    MFE Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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