I think the market is finally waking up to the value of the SI6OF options which not only provide good leverage (2:1) but also include a piggyback option.
If you are a holder of these options and you convert before June 2025 then you are given another free option in SI6 with a 2c strike price. So you are essentially getting 2 options for the price of 1 if you think SI6 will be over 1c in a little under 2 years.
Everyone can do their own calculations as I have, but think about if SI6 hits 4c again, the SI6OF would be worth around 3c (4c -1c) and if you convert and get a free option with 2c strike, that would be worth 2c (4c - 2c). That is 5c worth of value while the heads are at 4c!
Not financial advise. As always DYOR.
Si6 Chart, page-812
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Last
0.1¢ |
Change
-0.001(33.3%) |
Mkt cap ! $2.767M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $59 | 59.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 89296877 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 54887792 | 22 |
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| Last trade - 10.41am 12/11/2024 (20 minute delay) ? |
| SI6 (ASX) Chart |