This recent SB dumping of options (assumed) could turn out as a bonus to our finances.
I believe the latest raising with the additional $5m of short term options was put in place with the expectation that SB would let their options lapse. I think SB had 625,000 options which is $5m @$8.
My expectation is for the share price will move up after options expire.
AVRO, page-97
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Last
$11.93 |
Change
-0.290(2.37%) |
Mkt cap ! $252.1M | |||
| Open | High | Low | Value | Volume |
| $12.20 | $12.22 | $11.21 | $199.1K | 17.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 577 | $11.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.93 | 131 | 1 |
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| AVR (ASX) Chart |