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ANL - Amani Gold

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nomore4s said:
lol, I was going to post the same thing
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Its finally good to see BYR recovering in price following the announcement of the option issue. I used recent weakness to buy some more for reasons that I've previously mentioned.
DYOR
 
Ummmm what the?

Got home and took a look at BYR, depth looks crazy, looks like buyers lining up for those options, or could it be the Uranium report?

Thats alot on the bid!
 
YOUNG_TRADER said:
Ummmm what the?

Got home and took a look at BYR, depth looks crazy, looks like buyers lining up for those options, or could it be the Uranium report?

Thats alot on the bid!
Click to expand...
Hi Young Trader,

Momentum appears to be definitely increasing for this stock. The options issue along with a positive outcome on the uranium front will be the main positve drivers in the short term.
DYOR
 
well the gap has most definitely closed. will be an interesting day!

now just so I'm clear, you get an options offer based on the number of shares you hold at 5pm today - right?
 
Riesling said:
well the gap has most definitely closed. will be an interesting day!

now just so I'm clear, you get an options offer based on the number of shares you hold at 5pm today - right?
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I was of the understanding it was based on the number of shares at 5pm tomorrow? (30 March 07)
 
Riesling said:
well the gap has most definitely closed. will be an interesting day!

now just so I'm clear, you get an options offer based on the number of shares you hold at 5pm today - right?
Click to expand...
Reasonable support increasing thus far today. Buyer wanting 100,000 shares at 26c. People want the option entitlement.
DYOR
 
Greggy, YT or anyone else.

Can someone tell me what options entitlement you get if you have let say 100,000 shares by market close today?

Thanks
 
Flyer said:
Greggy, YT or anyone else.

Can someone tell me what options entitlement you get if you have let say 100,000 shares by market close today?

Thanks
Click to expand...

100,000 shares = entitlement to purchase 50,000 opies @ 1c each. Opies are non-renounceable and therefore can't be traded and expire in June 2009.
 
Flyer, you get 1 option for every 2 shares. So for 100,000 shares you would get 50,000 options.
 
pkj24 said:
100,000 shares = entitlement to purchase 50,000 opies @ 1c each. Opies are non-renounceable and therefore can't be traded and expire in June 2009.
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I think that the entitlements can't be traded, so after they are listed around the end of May/early June they will be tradable, so basically you sit and wait for 2 months to see what they are worth. OK if the mains stay up over that time.
 
Kauri said:
I think that the entitlements can't be traded, so after they are listed around the end of May/early June they will be tradable, so basically you sit and wait for 2 months to see what they are worth. OK if the mains stay up over that time.
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Can be traded on a deferred settlement basis as of end of April which is around the time of the Labour Conference U anyone?
 
Sorry to be a pain but
1) Are the options tradeable on the ASX from June or not?

2) Profit assumptions if I buy 100,000 shares
100,000 shares @ 25cents = $25,000
50,000 options 1 cent= $500

Total $25,500

So if i convert the options in 2009 (just assume I have not sold anything) I have 150,00 shares

If shares are still 25 cent I get $37,500 (Profit of $12,000)

If shares drop below 17 cents I book a loss

150,000 @ 17 cents = $25,500

Anything wrong there?

Thanks
 
Kauri said:
I think that the entitlements can't be traded, so after they are listed around the end of May/early June they will be tradable, so basically you sit and wait for 2 months to see what they are worth. OK if the mains stay up over that time.
Click to expand...

This is correct. Just rang the company to clarify. Non-renouncable only means that the entitlements aren't tradeable but once the options are listed around the 7th of May (BYRO) you can trade them.
 
Kauri said:
I think that the entitlements can't be traded, so after they are listed around the end of May/early June they will be tradable, so basically you sit and wait for 2 months to see what they are worth. OK if the mains stay up over that time.
Click to expand...

Options can be traded on a deferred settlement basis from 30 April 07 and on normal basis from 7 May 07. Etrade does not allow you to sell on a deferred basis, however, some other brokers will allow it, you would need to check with your individual broker.
 
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