AVL 0.00% 1.3¢ australian vanadium limited

I have already converted my AVLO's to shares.The thought had not...

  1. 1,684 Posts.
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    I have already converted my AVLO's to shares.


    The thought had not occured to me to buy more options(AVLO) and then convert them at two cents an option.

    Is this example correct?


    100,000 options buy at .013 cents, price paid $1,300.00.

    Convert options straight away to shares, 100,000 at .02 cents, price $2,000.00.

    Buying shares (100,000) direct from ASX at (close price .038 cents), for $3,800.00.

    Why would you throw away $1,800.00  to buy from the ASX?


    I have top up bid in at .03 cents.

 
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