Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

5.17%

5.5¢ melbana energy limited

Thanks Deus.I have a better undertanding now.With such a low...

First 25 Last

Share
Profile

Follow
Brabant90

503 Posts.

545

27/07/22

16:15

Post #: 62759015
Share

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

Expand

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
1 Upvote

0 Great analysis

Reply

First 25 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 5.5¢		Change -0.003(5.17%)		Mkt cap ! $185.3M

Open	High	Low	Value	Volume
5.8¢	5.8¢	5.4¢	$579.1K	10.30M

Buyers (Bids)

No.	Vol.	Price($)
3	130944	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	719400	2

View Market Depth

No.	Vol.	Price($)
3	130944	0.055
2	310288	0.054
3	195000	0.053
1	100000	0.052
1	50000	0.051

Price($)	Vol.	No.
0.057	215000	1
0.058	256379	3
0.059	504218	5
0.060	741841	6
0.061	263373	5

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last 5.5¢			Change -0.003 ( 5.17 %)
Open	High		Low	Volume
5.8¢	5.8¢		5.4¢	3875244
Last updated 15.59pm 29/04/2024 ?

MAY (ASX) Chart