And just further to that comment ......It's not so much about ' Driving it Down ' so much as it is about exiting in an orderly fashion.And I mean you just don't borrow 10% of a Company's script at around 5.25% plus Interest rates from heights of 36 cents to lows of 22 , 20 , and 17.0 tcents o all of a sudden exit your position ALL in one go.It just doesn't work like that.It will be done in a controlled and orderly fashion. And that whatever manner that ends up translating will result in the oscillating ebbs and flows that we have been seeing since October when it more or less started. And money will be made during that process. The downs and the Ups. And that is a FACT of markets and trading. Its simply just another ' Tool ' that investors have with respects to their hedging of their positions.And options are no different . Whether they are derivative instruments or derived from Company issued options. They are a ' Hedge ' over time and can be used adversely against a stock , or they can favorably in the upwards leverage of a stock.But essentially they will either expire worthless , be traded during their life to maturity , or converted to ordinary underlying equity at whatever the strike price is.So knowing this then - Just look at where the ' Tightly Held ' OC's are sitting . The market as we can see is very very tight and thin. But the market is really saying 23.5 cents to the upside , but 22.5 cents to where the BUYERS are prepared to BUY them knowing this will either affect their averages or indeed provide them with a starting point and a base for future gains.So the expiry of these and obviously the remaining conversion as well as the 40 million 15.0 cent outstanding ' unlisted ' Directors options will also have an indirect effect on the ensuing forward SP calculations.Will they convert for that additional Director's inflow of $6 million working capital or won't they.......Only 6 months away or thereabouts for those and only 3 months for the OC's.
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Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $288.2M |
Open | High | Low | Value | Volume |
2.7¢ | 2.9¢ | 2.7¢ | $427.9K | 15.39M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 7480052 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 6654724 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 7430052 | 0.027 |
23 | 7756966 | 0.026 |
43 | 13235160 | 0.025 |
26 | 6873079 | 0.024 |
23 | 5872965 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 6654724 | 34 |
0.030 | 9819829 | 36 |
0.031 | 4534251 | 17 |
0.032 | 3565860 | 21 |
0.033 | 1924706 | 10 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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