It could be a leaky ship or it could be a tree shake. It could also be about reducing risk. Perhaps it’s just some existing LRV shareholders who are sophs taking a bit of profit. If I was an existing LRV shareholder who is a soph (and we do have some), and if I took up the soph offer of 18 cents a share plus option and I had an existing 1,000,000 LRV shares and took up the offer of 1,000,000 at 18 cents plus option, why not sell my existing 1,000,000 at 21 - 24 cents and pocket an easy $30-$60K. Not bad pay for a few days work. Still got $1,000, 000 LRV shares plus $30-$60 K plus 1,000,000 options. Basically a good strategy to virtually be free carried. If LRV rockets like we all hope then the options are a bonus. If on the other hand things do not go well then sell the heads and sit on the oppies.
i am using the opportunity to increase my holdings between 20 - 22 cents.
A really good deal for sophs !
Disclosure. - I am not a soph.
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Last
18.0¢ |
Change
0.055(44.0%) |
Mkt cap ! $55.43M |
Open | High | Low | Value | Volume |
14.0¢ | 18.0¢ | 14.0¢ | $2.059M | 12.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 307000 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 217060 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.175 |
1 | 50000 | 0.160 |
3 | 163870 | 0.155 |
2 | 150000 | 0.150 |
4 | 108944 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 217060 | 3 |
0.185 | 187346 | 4 |
0.190 | 150000 | 2 |
0.195 | 40000 | 1 |
0.200 | 583333 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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