For all the research, I still have no good answer for why the company announced 25m options awarded to Canaccord in early March this year.
The only information given was ‘corporate advisory mandate’.
The weird thing is that the first batch exercise at 45 cents and second batch at 55 cents.
firstly - what work is under ‘corporate advisory mandate’ and why would a broker accept payment for services via options when the expiry date is Christmas this year, our current SP can barely hold 20 cents and the exercise price is 45 cents?
Ann: Application for quotation of securities - LRS, page-6
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Last
22.3¢ |
Change
-0.028(11.0%) |
Mkt cap ! $657.8M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 22.0¢ | $2.000M | 8.537M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11855 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 1 | 1 |
View Market Depth
| Last trade - 15.59pm 05/06/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
-0.028 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.0¢ | 22.3¢ | 4200896 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| LRS (ASX) Chart |