Its outlandish....the recipient could have negotiated cash (we are not talking big bucks) or at least oppies with a strike of say 1.5c.
Maybe the recipient already has plenty of stock and is happy to send a bullish signal to the market? The date - end 2014 is interesting. No one throws away hard earned money (any) on an impossible unreachable target....which at this moment 5c + seems....
But then again very few stocks have the potential upside ESI has....presently $6 mill mcapped in a thermal coal market that is fundamentally solid long term regardless of Europe woes etc.
ATM ECT dont have the $3.8 mill - I'm going to assume that the recipient of the 5c oppies is VERY confident the $3.8 mill (or close) will be done....
someones keen for options , page-20
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0.2¢ |
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Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $42 | 20.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 27388979 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 14598198 | 39 |
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| Last trade - 11.04am 15/10/2024 (20 minute delay) ? |
| ECT (ASX) Chart |