Dhm
Regular
Greetings from sunny Boomerang Beach, voted Australia’s second most beautiful beach last week.
I need the brains trust here to answer a few questions about the cap raise. Why do they call it put option? The definition of an option is the right but NOT the obligation to buy/sell a commodity, in this case BRN shares, at a predetermined price and exercise date.
There is an obligation in this instance so that in itself demonstrates incorrect terminology.
When does BRN receive the cash? Is it already, or in some time in April when the 91.5% VWAP is calculated? Because if it is already then LDA will not know at what price they are exposed at.
I have emailed TD but no response so far.
I need the brains trust here to answer a few questions about the cap raise. Why do they call it put option? The definition of an option is the right but NOT the obligation to buy/sell a commodity, in this case BRN shares, at a predetermined price and exercise date.
There is an obligation in this instance so that in itself demonstrates incorrect terminology.
When does BRN receive the cash? Is it already, or in some time in April when the 91.5% VWAP is calculated? Because if it is already then LDA will not know at what price they are exposed at.
I have emailed TD but no response so far.
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