George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
jefff - The seller of the option has just made £1.1m (the premium price charged to AZ). Whether it goes through or not is irrelevant to them. They sold their financial product and made their money, they are not currency holding the shares.
£1.1 million is the premium. At year end if the stock price is higher than 0.6945p he is aloud to buy 630,000,000 shares but at the actual price of £4,375,350. Add that to the £1.1m premium which he has just paid and you can see that its a bet the SP will be higher than 0.86p year end. If the stock price isn't over 0.69p he loses the premium of £1.1m.
AZ has just paid £1.1m to get 630m shares *IF* the SP is at or above 0.6945 on 31/12. *IF* the price is not at or above 0.6945, AZ looses £1.1m. *IF* the price is at or above 0.6945, he gets the 630m shares and they will obviously worth what ever the SP is at the time.
Supply@Me has been notified by shareholder, Orchestra Group, that it has acquired an option giving it the right to receive 630,000,000 ordinary shares of the Company if the share price is at or above 0.6945 pence per share on 31 December 2020. The option cost is £1.1million.
If that is not confidence, I don't know what is...
apunter2 - completely agree most are missing it. IMO this is because a large proportion of people, who aren't that clued up on the financial system for what ever reason, most likely because they haven't worked in the financial sector before and therefore haven't been educated on it, take a punt on stocks and think they can make a quick few quid. The amount of people who have given over their hard earned money, and then asked what Blockchain is... is frightening. I'm willing to bet most people bought in without even knowing what invoice financing is, let alone AZs "new wheel". We now live in a world where you can pretty much learn anything on the internet. I really encourage people to educate themselves via YouTube and Google about things they don't understand. I'm not calling people thick, I'm saying they simply haven't been taught about the financial system for what ever reason!
If you are reading this and are considering buying in but still don't quite get it, or have bought in, are now under water and thinking of selling... Please please please educate yourself about how these financial products work and what SYME does. You will then, like a few of us on here, be rather entertained by the derampers pathetic and quite frankly embarrassing attempts to try and get in SYME at a lower price. Research is your confidence, spend the time, it will be worth it. ATB
https://twitter.com/alwayznow_/status/1308440108740292609?s=20
Ilikesalmon - It's just you my friend... How do you think big pharma gets big? They buy out little companies with smart scientists like Carl who create stuff that is better than their stuff. We have known about Paraytec's 5 min test for a while now, I'm absolutely amazed more people haven't loaded up. Just one pie that BRH have their fingers in as well I might add...
https://twitter.com/carlsmythe/status/1308398864915988484?s=20