GMC
Click for more information
0.00% 0.6¢ gulf manganese corporation limited

15 January 2019 Deadline, page-7

  1. tt2000
    2,345 Posts.
    lightbulb Created with Sketch. 539
    clock Created with Sketch.
    17/01/19
    10:26
    Post #: 37140593
    Options have a strike price of $0.005

    This means if you exercise you have right to buy 1 GMC share for $0.005

    Therefore so long as you can sell GMC for greater than $0.005 you would exercise.

    Problem is if all those 1.85bn option holders are thinking of doing this there will be a huge number of people selling which will push the price down

    Hence I see the share price converging to $0.005...
    Last edited by tt2000: 17/01/19
    GMC Price at posting: 0.8¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch. 1  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.
Fatal error: Uncaught ErrorException: session_write_close(): Failed to write session data using user defined save handler. (session.save_path: ) in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php:236 Stack trace: #0 [internal function]: Application\Service\AppManager::handlePhpError(2, 'session_write_c...', '/data/vhosts/te...', 236, Array) #1 /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php(236): session_write_close() #2 [internal function]: Zend\Session\SessionManager->writeClose() #3 {main} thrown in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php on line 236