A little while ago one purchaser bought a few mill min at close at 12c , high probability they aren't day traders.
More than 50% of options are converted that expire end of the month at 7c so then only 15mill options. the conversion effect of selling heads to exercise tails is mitigated by number and the volume traded to churn these people through.
Alkem is running out of ore ,, a jv or buyout where they spend a bit on exploration. They desperately want any discovery to be brought into production at record time.
NIS Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
