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3.39% 30.5¢ black cat syndicate limited

Ann: Appendix 2A and Cleansing Notice Exercise of Options, page-4

  1. chookychaz
    291 Posts.
    lightbulb Created with Sketch. 10
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    26/08/20
    20:53
    Post #: 46846369
    This is a positive. It means someone(for reasons that will become obvious in the next year) has decided to convert 500000 2023 options they hold by paying $100000 to the company ..
    This not only provides futher working capital to the $12 or $13 million they have in kitty but is a vote of confidence in the future.
    As an aside commsec has added bc8 to the bullish list tonight saying that the recent downturn is about to reverse to the positive
    BC8 Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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