Confidence in what?
It's apparent it's simply a formula they use to determine the strike price of newly issued options, as it's an obscure price of $0.7293.
It's good that it's in tranches and not in one lump issuance, as I'm sure holders are expecting a share price far more north of $0.72 in 3 years. One lump issue of options means she could easily convert and sell 600,000 shares on market in one hit, should the price be far higher in that time.
Nothing to see here.
Ann: Initial Director's Interest Notice, page-4
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Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $53.14M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $351.4K | 9.677M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 315169 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 1012755 | 6 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| AGY (ASX) Chart |