the options always take purchase price plus 5.4 cents conversion price so buy oppies at say 6c where current seller is , add cost od conversion and you have 11.4 c, its the gearing that works for youas you can buy more oppies for same amount of money than shares eg invest $5000 in TNO, shares at 11c gets roughly 45454 shares, put $5000 in oppies at 6c gets 83333 oppies, if shares go to 15c holder of shares has$6818. holder of oppies that should trade at 9.6c valued at $8000, hope this helps
TNO Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
