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So in order to make my money when buying oppies in JKAs case the...

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Scottmoist

545 Posts.

26

14/08/18

13:08

Post #: 34924005
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Originally posted by more4less ↑

Your buying the oppies JKAOC at o.o03 current offer being sold at. To convert the oppie over to a fully paid share, you need to pay another 0.006 before they expiry June 2021, making the total price of the share 0.009.

If you hold and dont convert by expiry date, you loose your money you paid for the oppies. You are buying a bit cheaper, hopping you can flip them higher in the short term or the share price of the heads will be in the money.

These oppies were for free for existing holders that took up the non- renounceable offer earlier this year.

On 26 April 2018, Jacka Resources Limited (“Jacka Resources” or “the Company” lodged a prospectus with ASIC and ASX (“Prospectus” for a fully underwritten pro rata non-renounceable entitlement issue of two shares (“New Shares” for every three shares held at an issue price of $0.002 per New Share together with one free attaching quoted option (“New Options” exercisable at $0.006 on or before 30 June 2021 for every two new shares issued (“Offer”

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So in order to make my money when buying oppies in JKAs case the heads have to be above 0.009c to make money?

JKA Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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