the past week saw a lack of interst in the heads resulting in the oppies dropping like pancakes as holders headed for the gates.
my assumption is that buyers dropped interest in heads and rather chased leverage in option due to the ability to purchase more without knocking the sp over.
EMR need option comverted to raise significant moneys for future exploration in the USA.
My guess is that following a scoop up of cheap options, the heads will move north quicky consdering there is not much depth to 25- 30c.
This ensures buyers pick up EMRO for a song, oppies get exercised and manangement pick up the large cheque they require.
The cream will be a guaranteer for options.
regards.
week ahead
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Last
$3.79 |
Change
-0.270(6.65%) |
Mkt cap ! $2.490B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.98 | $3.72 | $18.25M | 4.804M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 30106 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.79 | 3824 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| EMR (ASX) Chart |