Yeah it's comical. It adds no value as everyone gets the options. It's no different from a share split or a consolidation. The more options they issue pro-rata, the less the shares are worth. Purely illusory and complicates the register and balance sheet. A company might issue options if it needs to raise money at a point in time but they don't. They are paying out 90%+ by way of dividend. This company has too many problems and now a Board that is trying to be fancy.
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Last
$10.82 |
Change
-0.010(0.09%) |
Mkt cap ! $1.860B | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.84 | $10.68 | $2.506M | 232.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1672 | $10.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.85 | 829 | 4 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| MFG (ASX) Chart |