SRNOC arbitage opportunity wide open...
Company has indicated it will now exercise options weekly and they are in the money.
SRNOC is 0.033 + 0.006 exercise = 0.039
SRN is 0.049 so discount is 0.010
This gap eventually will close. Easy money to be made.
I think the market will wake up as soon as the next Appendix 2A's come out which could be any day now.
SRNOC change of conversion terms, page-14
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Last
0.3¢ |
Change
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Mkt cap ! $5.958M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.3¢ | $147.9K | 45.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14646033 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14177880 | 12 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| SRN (ASX) Chart |