GMC
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0.00% 0.6¢ gulf manganese corporation limited

15 January 2019 Deadline, page-7

  1. tt2000
    2,345 Posts.
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    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
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    lightbulb Created with Sketch. 1  Great analysis
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