Previous high is not a good indicator, as there were significantly less shares on issue then.
For example $2.33 with 1,000 share float is equivalent to $1.16 with 2,000 share float (due to SPP dilution).
(SPP has not doubled the share float, but you catch my drift)
As to the options - here is how I see it
Net outlay will be zero - 1 day hold.
- If I buy 80,000 shares next week on Weds 4th Sept at $0.40 = $32k cost
- I sell them on Thursday 5th Sept and receive back my outlay (though in theory it should drop by the value of the options)
On 6th September, I receive 10,000 " Loyalty Options" at $0.55. (I still love that Talga named them Loyalty Options as it means them my reward for being so loyal - despite not participating in the CR)
- If no SC decision, I expect the share price to be much lower than it is now ~ maybe 20 cents as you suggest. I think lower. In this case I preserve all capital
- If SC decision occurs, and share price jumps to $1.50, I have my options that I buy at $0.55 and make $0.95, though would continue to hold
My biggest fear is the instos are going to be playing the same strategy, so there could be a significant drop on the ex options date (which makes sense, just as a share price drops on the ex dividend date by the value of the divvy)
I'm most concerned if they couldn't even raise $5M at $0.38, as that suggests to me that the instos are likely going to seek capital preservation strategies
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Last
46.0¢ |
Change
0.030(6.98%) |
Mkt cap ! $186.3M |
Open | High | Low | Value | Volume |
44.0¢ | 46.0¢ | 43.5¢ | $343.7K | 768.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24000 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 67462 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24000 | 0.435 |
4 | 37720 | 0.430 |
2 | 55000 | 0.420 |
2 | 52399 | 0.410 |
6 | 113790 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 67462 | 4 |
0.465 | 16905 | 1 |
0.470 | 53300 | 5 |
0.475 | 15000 | 1 |
0.480 | 77652 | 3 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
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