GLAO is definitely undervalued, it should be traded above 2 cents considering in mind the heads are above 6 cents and expiry is 2015 which means plenty of time.
Nice comparison with BCCO. Another comparison could be with ERJOA which has the same expiry.
ERJOA at 0.003 cents with exercise price 3 cents, Heads ERJ at 1cents.
GLAO at 1.6 cents with exercise price at 10, Heads Gla at 6.4 cents.
You can compare it with any other option in the market and you will find it undervalued. The reason is very simple it was issued for free, hence people are taking quick profits.
Any opinions are welcomed.
happy tradin
glao
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.61M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $2.516K | 167.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 273064 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1600000 | 2 |
View Market Depth
| Last trade - 13.22pm 20/11/2024 (20 minute delay) ? |
| GLA (ASX) Chart |
