That is a good theory but ive been paying close attention to the options and I dont think thats the case. The problem is no one is buying options! even today when they went up to 1.8c some sold for 1 pip! People think there is a very very low chance of them being in the money with the expiry so soon. Very few people are factoring in the almost assured drilling results announcement before the end of Feb. This guy might know that the options will be atleast 3 pips when the announcement hits but those who bought at 2+ pips are in too deep to sell at 1
Highly undervalued, page-962
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Last
18.5¢ |
Change
0.065(54.2%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.8¢ | 17.5¢ | $17.37M | 96.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 282825 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 5339183 | 79 |
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| LRS (ASX) Chart |