Would make more sense for Pete to participate in the overhang purge (with access to the associated bonus options) than to just reward him for sitting on the board. Suspect we'll see multiple parties step up to the plate and that there's very few bonus options up for grabs come June.
~4.5m shares have traded since the bonus record date. If EVERY holder sold heads to fund tails you'd only need to see ~9m trade at today's price to facilitate the exercise. Given the conversions to date, the sale of heads that occurred >75c, and the commitment from certain holders to exercise without selling, that number is likely far lower.
IMO it's good buying here - but the buy signal is the block trade.
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Last
$1.75 |
Change
-0.040(2.23%) |
Mkt cap ! $297.9M |
Open | High | Low | Value | Volume |
$1.79 | $1.79 | $1.72 | $146.2K | 83.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2901 | $1.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.75 | 994 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2901 | 1.730 |
1 | 644 | 1.725 |
2 | 4039 | 1.720 |
1 | 538 | 1.715 |
1 | 1281 | 1.710 |
Price($) | Vol. | No. |
---|---|---|
1.750 | 994 | 1 |
1.760 | 257 | 1 |
1.765 | 5000 | 1 |
1.770 | 30 | 1 |
1.780 | 5000 | 1 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$1.74 |
  |
Change
-0.040 ( 1.51 %) |
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Open | High | Low | Volume | ||
$1.76 | $1.77 | $1.72 | 23546 | ||
Last updated 15.56pm 17/06/2024 ? |
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RAC (ASX) Chart |
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