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5.2¢ melbana energy limited

Ann: Application for quotation of securities - MAY, page-25

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Brabant90

503 Posts.

545

27/07/22

16:15

Post #: 62759015
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Originally posted by Deus_EX_102: ↑

Hi Brabant, lets not forget the circumstances of the option issue. They were issued almost this time last year before commencement of the current drilling program, on a 1 for 2 basis (1 option for every 2 shares subscribed for) in the CR. At that time the SP was range bound between 0.015 to 0.02. I can't quite recall the shares subscription price but it was roughly 2 cents I believe.

So therefore I would argue a majority of those options, being in the money, would also be in profit for the holders. That is, the SP subscribed for at the time plus the option exercise price (being roughly 5.5 cents) means there is plenty of scope to have them all exercised even if it mean that current holders sell a portion of their shares to exercise all of their options. Only a portion have been sold on-market.

hope this helps

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Thanks Deus.

I have a better undertanding now.

With such a low entry price, Options could be kept almost to the last week, even if they drop.

MAY Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 5.2¢		Change 0.001(1.96%)		Mkt cap ! $175.2M

Open	High	Low	Value	Volume
5.3¢	5.4¢	5.0¢	$94.80K	1.830M

Buyers (Bids)

No.	Vol.	Price($)
5	249026	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	327966	2

View Market Depth

No.	Vol.	Price($)
5	249026	0.051
4	376065	0.050
4	351213	0.049
8	307377	0.048
7	1562600	0.047

Price($)	Vol.	No.
0.052	327966	2
0.053	133962	3
0.054	1579816	5
0.055	293835	5
0.056	284320	3

Last trade - 13.32pm 16/05/2024 (20 minute delay)


Last 5.2¢			Change 0.001 ( 2.09 %)
Open	High		Low	Volume
5.4¢	5.4¢		5.0¢	866755
Last updated 13.42pm 16/05/2024 ?

MAY (ASX) Chart