I'm not reading too much into the exercise of director options other than they expire on 15 June 2015 and are in the money. It is also a show of strength by the Board and the only way for a director to increase their holdings during price sensistive periods, ie, without a trading window. IMO, TON has afforded the directors limited windows of opportunity to purchase on market.
TON has not had a rights issue for a long long time. I will check when and repost but I do not believe there will be a rights issue any time soon if ever. In any case, TON has an AUD $20M facility they can draw upon at any time and I believe will continue to place shares with SPIs in $1M lots until the SP improves.
KL, in the event of a takeover, the director options would vest immediately in any case.
Please DYOR.
I'm not reading too much into the exercise of director options...
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Last
1.3¢ |
Change
-0.003(18.8%) |
Mkt cap ! $20.29M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.3¢ | $11.83K | 834.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 319988 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 309719 | 2 |
View Market Depth
| Last trade - 10.33am 15/05/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
-0.003 ( 6.67 %) |
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.5¢ | 1.4¢ | 261046 | ||
| Last updated 10.33am 15/05/2024 ? | |||||
| TON (ASX) Chart |