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54.0¢ carnaby resources limited

Pretty sure I saw a crossing of 2 mil go through at $1.20...

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Fynder

314 Posts.

48

31/12/21

16:44

Post #: 58590177
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Originally posted by RoyE: ↑

Some silly comments on here today. What the directors did was totally understandable - the original issue of the options followed standard practice where the strike price of the options is derived from the share price at time of option issue eg. option strike price 1.5x market share price at time of issue. This gives the directors incentive to increase the share price i.e. they want the share price to rise so that the options become 'in the money.'

In CNB's case, the explosive share price gains have meant that the options are well and truly 'in the money.' If I was a director I would have done exactly what they have done i.e. converted the options into shares and sold some of the shares (I would probably have sold more of the newly converted shares than the 2 directors did, they each only sold 1 million of the new shares out of 3 million new shares each).

To suggest that this is in any way poor form or dodgy etc is plain dumb - the whole point of the options is to provide directors a financial incentive!

GLTA & DYOR

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Pretty sure I saw a crossing of 2 mil go through at $1.20 earlier this week ( although I can’t swear by it)

If that was the case and it was related to these sales then it was handled considerately IMO

CNB Price at posting: $1.35 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 54.0¢		Change 0.010(1.89%)		Mkt cap ! $91.98M

Open	High	Low	Value	Volume
54.0¢	55.0¢	52.0¢	$81.29K	154.4K

Buyers (Bids)

No.	Vol.	Price($)
2	15608	54.0¢

Sellers (Offers)

Price($)	Vol.	No.
55.0¢	21933	4

View Market Depth

No.	Vol.	Price($)
2	15608	0.540
1	5600	0.530
1	6601	0.525
2	28973	0.520
1	19161	0.515

Price($)	Vol.	No.
0.550	21933	4
0.555	600	1
0.570	500	1
0.575	849	1
0.580	100000	1

Last trade - 15.49pm 24/07/2024 (20 minute delay)

CNB (ASX) Chart

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