Just a reminder that these options may not necessarily run their full term. If the price of the heads go over 58c for 20 consecutive days the company may change the expiry date to an earlier date. I don't think it makes the options less attractive but one should be aware that the money may be called for before June 2022.
Here is the explanation:1 The Options will expire on the earlier of: (i) 1 June 2022; and (ii) 22 ASX Business Days after the Notification Date (defined below) (Expiry
Date). The Company will give notice of the new Expiry Date to the Option Holders on the Notification Date, and again before the 8th last ASX
Business Day before the new Expiry Date.
Notification Date means the date (being any date within 5 ASX Business Days of the Acceleration Trigger Date) on which Option holders are
notified of the Acceleration Trigger Date (defined below) such notification to be released on the Exchange; and
Acceleration Trigger Date means that date, at any time after 30 days after the issue date of the Options, that the closing price of the Shares on
ASX is higher than A$0.78 for any 20 consecutive ASX Business Day period, then on the 20th consecutive ASX Business Day of any such period. 2 Explo is a substantial shareholder of the Company and is an affiliate of Sprott.
I consider the options a good investment as I think the price of U will rise in the near future and DYL will surpass 58 c soon.
W2
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Last
$1.34 |
Change
0.015(1.14%) |
Mkt cap ! $1.174B |
Open | High | Low | Value | Volume |
$1.32 | $1.36 | $1.31 | $12.05M | 9.032M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5119 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 5023 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5119 | 1.320 |
2 | 55119 | 1.315 |
5 | 74284 | 1.310 |
2 | 4700 | 1.305 |
5 | 32419 | 1.300 |
Price($) | Vol. | No. |
---|---|---|
1.340 | 5023 | 1 |
1.345 | 5119 | 1 |
1.350 | 10119 | 3 |
1.355 | 5119 | 2 |
1.360 | 28027 | 4 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$1.33 |
  |
Change
0.015 ( 0.33 %) |
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Open | High | Low | Volume | ||
$1.32 | $1.36 | $1.31 | 2566808 | ||
Last updated 15.59pm 29/03/2024 ? |
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