Yes, but step back a bit for context and look at this another way. Given Scanlon's situation he doesn't need to buy much on market when he can exercise those options at later stage when the options will be massively cheap compared to the SP.
So it seems like it could be a signal to the market that the smallness of the on market buy shows he's confident those options will be in the money later, and that's where his main purchases will be...right?
I've seen this play out before with other stocks.
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Last
70.5¢ |
Change
0.025(3.68%) |
Mkt cap ! $158.3M | |||
| Open | High | Low | Value | Volume |
| 68.5¢ | 72.0¢ | 68.5¢ | $325.7K | 468.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90000 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 82000 | 2 |
View Market Depth
| Last trade - 15.49pm 28/07/2025 (20 minute delay) ? |
| BGD (ASX) Chart |