Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What's the significance of this?
Im not getting the link to SYME.
Can someone join the dots for me?
If you can afford it, you can temporarily buy your shares in an isa and once it settled sell the ones in your main account. Obv. a huge risk should the share go tits up in those few days but it works.
I added it up in my head from a 4 second skim read down the page. I'll take my 200 mil guestimate as not too bad!
That's a shed loads of buys... 200 million at quick estimate.
Bipolar mr008.
He did lose the 1.1million.
It wont matter to him though. He has over a billion shares. If the SP hits 1p he'd have made more than what he lost in the option cost.
The whole point was that it showed that he was willing to put money on the SP rise as he believes in it. Unfortunately due to the delays/changes to how the business has evolved/expanded, it didn't get there in time so he lost out.
info@supplymecapital.com
There you go.
Why? Nothing has changed. Same holdings, as he couldn't take the option.
I doubt there will be one monday morning. If there was one ready, it would have been released yesterday and AZ may have got his option.
I think maybe a week or two.
No it wasn't. Closing price is what counts for options. So AZ lost his, 1.1 million. He still lhas over a billion shares though so 1 million is chump change on a slight increase in SP so I don't think he will care in the long run.
Price has to be at or above target after market closes that's how options work. So the owner of the 630 mil shares has pocketed 1.1 million and still has the shares. So, yes, they could start selling them off now but I think they'll keep them knowing the potential the SP could be.
There's no way they'll keep their mouths shut despite an nda, it will leak and the SP will reflect that.
@doctor. Price has to hit option target at end of the day so it hasn't been met. The "maturity" of the the expiry date.
I'll be setting a stop loss once we're well, we'll above the price I paid. That way if the worst happens I'll be out at a small profit but it shouldn't be triggered on just a bad day/week.
Too close to my price point to set one yet.
You forgot buy
@ashley. No. Its mostly European. Even in the USA they mostly use European rules as they're easier to manage. The rules are the option can't be taken until the expiry date (today) maturity which is the price at end of trading.
@prawn. It can get to his break even point at a later date. Only needs 0.6945 today to execute the option.
I think end of Jan.
@mick. He paid 1.1 million for the ability to have the option. He doesn't get that back if he doesn't take it. The same as if I order a meal at a restaurant and don't eat it. I still have to pay for it.
@argo
No. Options can only be executed on the final day.
Can only use his option tomorrow though. So it needs to stay up. (that's what she said)