They're covering taxation obligations by selling their equivalent in shares (exercised options). Pretty basic offsetting.
However, I do agree that this casts some doubt on their confidence on the tenements - why sell the shares and the potential growth to cover taxation from exercising options? Unless they're all cash strapped.
Hhmmmm.
They're covering taxation obligations by selling their...
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Last
8.1¢ |
Change
0.002(2.53%) |
Mkt cap ! $7.636M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.2¢ | 8.0¢ | $6.636K | 81.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28934 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.1¢ | 49999 | 1 |
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| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
8.0¢ |
Change
0.002 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| 8.0¢ | 8.2¢ | 8.0¢ | 37536 | ||
| Last updated 12.18pm 27/05/2024 ? | |||||
| CPN (ASX) Chart |