ICG 0.00% 0.5¢ inca minerals limited

Hi @QuietFrog Basically it works as followsYou have 1,000,000...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 531 Posts.
    lightbulb Created with Sketch. 9
    Hi @QuietFrog  

    Basically it works as follows

    You have 1,000,000 shares today

    You are entitled to buy 1 for 10 in the CR with a free oppies for each one you buy. So you can buy 100,000 new shares at 0.005 for $500 and you will get 100,000 free options. So you now have 1,100,000 heads in total and 100,000 options. If/when the share price reaches 0.016 and assuming oppies are now worth 0.004 (ie 0.016 less exercise price 0.012) your portfolio is worth the following

    Heads 1,100,000 @ 0.016 = $17,600
    Oppies 100,000 @ 0.004 = $400
    Total Portfolio is $18,000

    If you spent the above $500 on market at 0.004 you would have bought 125,000 units so your total portfolio would now be 1,125,000 units. If/when the share price reaches 0.016 your portfolio is now worth the following

    Head 1,125,000 @ 0.016 = $18,000
    Oppies - you have none

    So as you can see the break even point is 0.016. If the price is below this on market is better if the price is above this you are in front (given the assumptions are true). DYOR
 
watchlist Created with Sketch. Add ICG (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $4.066M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
5 3871494 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 2455709 6
View Market Depth
Last trade - 16.12pm 07/11/2024 (20 minute delay) ?
ICG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.