CGPOA's respond to heads progress as they could be seen as nearly 100 % regular shares because of the expiry date in April 2017. The leverage compared to the heads is fantastic if heads keep on rising.
At heads 4c and higher I expect the CGPOA's to follow at 50 % heads value, at 10c heads maybe at 6c, at heads 20c maybe at 15 - 16c due to the long time to the expiry date.
Therefore CGPOA's at 2-2.2 c is good value atm.
Not a definite guide, just my opinion due to observing similar constellations over the past 6 years.
CGP Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Held
