AYN 0.00% 0.1¢ alcyone resources ltd

Can someone please explain the whole options thing.So you pay...

  1. 119 Posts.
    Can someone please explain the whole options thing.

    So you pay 4.8 cents for 2 shares and you get a free option.

    What does exercisable at 6 cents expiring on 14 May 2015 mean?
 
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Currently unlisted public company.

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