There had to be a reason for such a huge number of EXEO not to be exercised. The word must have been out that an Easter Sale was about to happen.
I've said previously that the company will need funds after the EXEO and CNOOC placement debacle.
Let's see - 80% of recent vwap of say 21.5c = 17/18c placement price.
An absolute rort if it pans out this way.
I hope I am wrong. Maybe the company can surprise on the upside - but based on recent experience I have my doubts.
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