LRS 6.98% 20.0¢ latin resources limited

For all the research, I still have no good answer for why the...

  1. 9,428 Posts.
    lightbulb Created with Sketch. 4866
    For all the research, I still have no good answer for why the company announced 25m options awarded to Canaccord in early March this year.

    The only information given was ‘corporate advisory mandate’.

    The weird thing is that the first batch exercise at 45 cents and second batch at 55 cents.

    firstly - what work is under ‘corporate advisory mandate’ and why would a broker accept payment for services via options when the expiry date is Christmas this year, our current SP can barely hold 20 cents and the exercise price is 45 cents?
 
watchlist Created with Sketch. Add LRS (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
-0.015(6.98%)
Mkt cap ! $559.8M
Open High Low Value Volume
21.0¢ 21.0¢ 19.5¢ $1.518M 7.602M

Buyers (Bids)

No. Vol. Price($)
10 424300 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 174191 4
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
19.8¢
  Change
-0.015 ( 6.93 %)
Open High Low Volume
20.5¢ 20.8¢ 19.5¢ 4102438
Last updated 15.59pm 14/06/2024 ?
LRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.