AXM 0.00% 1.1¢ apex minerals nl

No problems GJ, I experienced the same anxiety :)Actually I...

  1. 235 Posts.
    No problems GJ, I experienced the same anxiety :)

    Actually I think that AXMR is trading stupidly low in regard to the current price of AXM; considering the attached 1 for 10 option, AXMR's price should be at least 100% of the difference between the right exercise price and AXM's trading price (at that differential you're basically getting the option for free). So considering the closing price of AXM on Friday (0.053)AXMR should be trading at 0.013 at least!

    Will be awaiting any future announcements by the company over the next couple of weeks that could effect the share\rights price, but I reckon, at current prices, anyone grabbing AXMR is picking up a bargain.

    Would appreciate any other traders' views on the issue however :)

    Cheers
 
watchlist Created with Sketch. Add AXM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.