I noticed in the interview that Jason mentioned 3 or so consortiums/groups that are holding the majority of the options.
I can't elaborate on the other option holders other than the 1 I know.
My connection's play was aiming to take advantage of the LCLOB leverage, where LCLOB largely at the time wasn't trading at a premium to LCL. Yes, holding the majority of heads. Doesn't need to sell heads to buy options. Yes, holding close to 10mill options. Very confident in LCL's potential. Who wouldn't be with the early-stage drilling results?
The capping aspect- not for me to speculate on, but not my guy as he wants the options in the money.
Not much more I can say. It's purely a leveraged gamble.
LCL Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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