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5.00%

3.8¢ black rock mining limited

Difference between BKT and BKTOD, page-18

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jameshares007

144 Posts.

4

02/05/17

11:50

Post #: 24406863
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Originally posted by ddzx ↑

you spent $2,500 & bought 100,000 BKTOD

this means you have $7,500 to invest elsewhere or to use for a holiday or something else

you do not have to pay 7.5 cents until Nov 2018

if the BKTOD price goes up before Nov 2018, you can sell your BKTOD on market

for example, i bought 250,000 BKTOD last year for 1 cent each & have already sold them for around 10 cents each

recently i bought 200,000 BKTOD again, average price 4 cents each

-------------------------

the only reason you would pay 7.5 cents today is if you want to sell your BKTOD but are unable to sell your BKTOD on market

if you paid 7.5 cents today, your total cost would be 10 cents per share

you would have a loss of 1 cent per share today

Expand

Thanks, it's becoming clearer now. So, when you buy options, you book the option to buy the shares at the strike price. (7.5c) and you pay a premium of 2.5 cents now instead of buying 2.5+7.5 =10c per share for BKT. With Less exposure, more chance of gain if BKT goes up. Downside being BKT going down at expiry date and losing all the capital. And not being able to sell the options in case there is no demand.

Thanks for enlightening me.
Now I wonder why any bull not buy options instead of shares?!!!

BKT Price at posting: 8.0¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 3.8¢		Change -0.002(5.00%)		Mkt cap ! $66.35M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.8¢	$20.91K	546.9K

Buyers (Bids)

No.	Vol.	Price($)
2	60755	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	105584	1

View Market Depth

No.	Vol.	Price($)
1	719300	0.052
3	881483	0.051
6	309803	0.050
1	1800	0.048
1	11111	0.045

Price($)	Vol.	No.
0.053	142417	1
0.055	150000	1
0.057	172700	2
0.059	250000	1
0.060	100000	1

Last trade - 15.54pm 02/12/2024 (20 minute delay)

BKT (ASX) Chart