I reckon they are BOTH undervalued - but that's me...
And you are right. Conversion for oppies is 2c.
Right now, there are 2.5M buyers in the queue for heads at $0.065, and there are 1.4M oppies available at less than or equal to $0.045.
So - if you really, really want heads at $0.065, you can buy them right now, by purchasing 88EO at $0.045 or less, and then converting oppies to heads. Just BPay or send a cheque - takes a few days and you have the heads in your account - same as if you bought them on market.
First 700K of buyers in would even get their oppies at $0.044 - so effectively they'd be buying heads at $0.064.
It's basically a $7,000 discount on what you'd pay to buy heads directly.
Crazy indeed!
I reckon they are BOTH undervalued - but that's me... :) And you...
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $78.15K | 38.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 122 | 120098264 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 583908266 | 234 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |