AXE 4.26% 24.5¢ archer materials limited

7.5c options end-game approaching

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    Eligible Shareholders will also receive one free attaching unlisted option (“Option”) for every two Shares subscribed for and issued under the SPP. Each unlisted Option will have an exercise price of 7.5 cents and an expiry date of 28 February 2019.


    From the last 3B it looks like there are nearly 8.3M options left to exercise.  So up to about $620k coming in.


    Or will we see some upwards movement after expiry of out-of-the money options?

 
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