RMX 0.00% 0.1¢ red mountain mining limited

Billyen, Not sure how you're doing your calculations. Suppose...

  1. 641 Posts.
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    Billyen,

    Not sure how you're doing your calculations.

    Suppose someone has 1,000,000 RMXOGs and he's free-carrying (best-case scenario to make it easier).

    If he converts now:

    1,000,000 RMXOG ---> $1,500 conversion fee ---> 1,000,000 RMX

    So his average price is 1.5c and when the SP goes to 1.5c in the future he would break even... meaning $1,500 in his pocket.


    But, if he let the oppies expire and instead, with his $1,500, at this price (0.7c) buys approx 214,000, he will have $3,200 in his pocket when the SP hits 1.5c.



    Worse case, if his average on oppies is 0.1c (he had bought them for $1,000):


    If convert now: He would have $500 in his pocket (RMX @1.5c)

    If oppies expire any he only buys heads @0.7c now with his $1,500: He would have $2,200 (RMX @1.5c)


    Am I missing something big time?
    Last edited by Signbit: 04/11/19
 
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