Why pay 7.8c for the heads when you can pick up the options for 2.8c and pay the 4c conversion = 6.8c per head?
Shows how many traders don't understand options. PEN options offer proof of this:
penoa & penoc both have the same conversion rate of 3c. penoa expires in 12 months and penoc in 42 months, yet they are often trading at the same price??
Apologies for going off topic but still relevant imo
BOD Price at posting:
7.7¢ Sentiment: LT Buy Disclosure: Held