if you buy an AUROB, you can sell them on market up until to the expiry date of june 2018
or convert them into a share, by paying the strike price of 12c at any time before then.
most only convert if the the shares are trading above the strike price.
the real leverage, works like this.
Say you spend $1000 and buy
at 8c - 125,000 shares OR at.006 AUROB 166,667 OPTIONS.
at 16c say, $2000 the shares have doubled in value,
but the 12c options are worth at 4c at $6667
even before the shares reach 12c, leverage buyers pay a premium for this.
AUR Price at posting:
8.0¢ Sentiment: None Disclosure: Held
