TRL
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4.88% 3.9¢ tanga resources limited

Listing tomorrow at 1230 AEST.Shares 20cAssuming the O's trade,...

  1. Anton Chigurh
    13,066 Posts.
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    06/03/11
    22:40
    Post #: 8005840
    Listing tomorrow at 1230 AEST.

    Shares 20c

    Assuming the O's trade, I have the fair value at ~3c using Black-Scholes pricing and 10% Volatility, 6.25% risk-free rate.

    My thoughts are some will be keen to dump their free options on-market to hedge their larger share holdings. Will have to wait and see how she opens and if there's a premium.
    TRL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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