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2.5¢ st george mining limited

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jeffw

1,075 Posts.

21

19/12/17

15:11

Post #: 29742146
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Originally posted by kcheers ↑

apologies in advance for my question and im not a huge holder here. I bought some option son the huge sell off recently and in at 14.5 c. It went further down to 12.5 on this day but i was happy. I dont know what was in my head at the time knowing it was a 20 cent exercise price but i guess i put a lot of weight on the leverage maybe? if it goes up quite a lot.
I hold 50k of options and its not so liquid until i guess, a big run?
I understand there is only 20 million options or something like that and so maybe tightly held.
Why is the price only 7 to 10 cents different from heads instead of about 18 to 22 cents?

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perhaps because they were free to holders at issue date and hence likely to be held largely by either by long term believers or those who bought in at that time with an expectation of future increase in sp and of course the long term before expiry/necessary exercise

SGQ Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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