In my 25+ years of trading options, I have never seen a premium like this. Google can tell you the longer the term to expiry that higher the premium, correct but the time to expiry here in mining terms is not long at all. It's only 13 months. Drilling hasn't even started and won't for some time and then theres a wait for the drill results.
SUMO is behaving like the expiry date is 3 or 4 years away not 13 months away.
SUMO, page-319
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.24M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $21.13K | 129.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30344 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 7803 | 1 |
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| Last trade - 12.08pm 06/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |