LU7 0.00% 1.2¢ lithium universe limited

What’s in store for Australia?, page-57

  1. 7,657 Posts.
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    If you have 1M options then it would be $50,000 to convert them all.

    If you don't have enough you could sell part of them e.g. sell 500,000 for $25,000 then convert the other 500,000 for $25,000 that you just received. In essence you might of bought the 1M options for $1,000 so for $1,000 you walk away with $25,000 (less tax and costs). However this is all dependant on the SP reaching 5c+ by October - If it doesn't get there then the options are not worth converting (you can still convert if you want to).
 
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