Actually I would say that technically the options have been issued already; just that their strike price has not yet been set (so they could not be exercised yet).
Depending on which document you use you could infer that:or
- the strike price will be set at the lower of $0.70 or 125% of the 90-day VWAP at 2 year anniversary date (from announcement "Hawsons secures A$ 200m equity funding package")
- the strike price will be set at $0.70 if the price (closing?) reaches $0.55 at any time in the next ~18 months, possibly tomorrow (from the Company Update)
The difference is significant as in the second case I agree with @johntie that 71 million options with a strike price of $0.70 in play could definitely be a headwind for the share price much beyond $0.70 for a while depending on what sort of return LDA is happy with, just look at what happened with Regal over the last 8-12 months (they held ~70 million shares in Aug 21)
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Last
2.5¢ |
Change
0.004(19.1%) |
Mkt cap ! $25.41M |
Open | High | Low | Value | Volume |
2.2¢ | 2.6¢ | 2.2¢ | $81.90K | 3.375M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 204545 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 535208 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 204545 | 0.022 |
9 | 1080619 | 0.021 |
14 | 2378074 | 0.020 |
4 | 1424471 | 0.019 |
5 | 3262608 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 535208 | 3 |
0.027 | 30000 | 1 |
0.029 | 1099115 | 3 |
0.030 | 100000 | 1 |
0.031 | 135000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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HIO (ASX) Chart |