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0.6¢ gulf manganese corporation limited

that is incorrect, ATM for you to get 1 GMC for 0.005 you must...

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J.W.Pepper

3,743 Posts.

57

17/01/19

10:41

Post #: 37140865
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Originally posted by tt2000 ↑

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...

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that is incorrect, ATM for you to get 1 GMC for 0.005 you must buy 1 GMCO for 0.004 first so = 0.009 paid, that is break even price BUT the majority of GMCO had been purchased at a much higher price.

GMC Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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