Okay so selling your options to offset the share price, I agree that's doable although with 10,000m of drilling getting underway I would think those oppies would be much more valuable in the future.
there is also the issue of volume in the options traded.
there are already about 30m oppies prior to this raise, looking at the chart I'll guestimate the average daily vol is under 100,000 given that on a lot of days they don't trade at all.
Then add in that there will be added volume for sale, If as you postulate that they all get liquidated, The price of oppies would drop considerably IMO and there will be less profit in selling.
cant really see it happening, it's possible but highly improbable as far as I can see.
as with all good discussions re stock price: all will be revealed by the future trading and sentiment.
if it does go 0.065 I'll be picking my lips and topping up.
SB
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.845M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 13830717 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7784551 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 13193217 | 0.004 |
42 | 38469868 | 0.003 |
29 | 45903536 | 0.002 |
9 | 21699950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7784551 | 10 |
0.006 | 4619222 | 7 |
0.007 | 5784260 | 5 |
0.008 | 5535000 | 5 |
0.009 | 3075828 | 5 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
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