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Banter and General Comments, page-9057

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17/08/19

15:50

Post #: 40025491
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Originally posted by GCar ↑

Exactly - if they buy now they have to come up with the money now.
If they let their options sit and they are in the money, they can essentially flip them later for the difference and not need to come up with big $$ capital and lock it up for a while.

Having said that though, I do expect that they would be buying shares down at these levels, after all AT and co know the Li sector pretty damn well and know what we have in store over the next 5 years. They do already have a decent chunk of shares though, so maybe that’s enough for them for now....?

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Sorry @GCar can you please clarify what you are saying below.

"Exactly - if they buy now they have to come up with the money now.
If they let their options sit and they are in the money, they can essentially flip them later for the difference and not need to come up with big $$ capital and lock it up for a while."

GXY Price at posting: $1.13 Sentiment: Sell Disclosure: Held
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Banter and General Comments, page-9057

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