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Ann: Macy Scoping Study Update, page-193

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dcob

3,105 Posts.

44

03/10/18

14:50

Post #: 35978875
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Originally posted by binwood ↑

I agree that value is in the heads. I don't agree that options are worth 0.1c. I reckon about 0.6c is fair vs current heads price.

If heads go to 7c thats about 200% upside. Options trading on full spread would be 2.5c which is 400% upside and probably gives fair leverage for increased risk and reduced liquidity in my opinion. Could make a case for higher but I think that is where a good risk reward status sits. 0.9c is too high though vs current heads price. Crossover in value likely to occur somewhere between 3-4c on heads in my view.

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I agree that they have some value but in my view, the sophs are trapped and want out as soon as possible. I'm prepared to help them shed 20 million of them.

SL1 Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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