Directors topped up at 6c at a very decent discount for a total of $550k which resulted in an instant, unrealised profit of approx. $250k between them (depending on when you want to compare their purchase price to a potential sell price which could be more like $500k profit among them if you look at the recent 11c high).
So, it was OBVIOUS that they were gonna throw some money into a 708 privilege money pot because it was a RISK-FREE bet.
Wouldn't you have bought a $50-250k parcel at 6 c, given where the SP was when the CR was announced?
I would have loved to see some on-the-market commitment (buy $550k at the market price) by the BOD, not with a 45% discount, to get as excited as you did, mate.
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2.9¢ |
Change
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Mkt cap ! $17.45M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 2.9¢ | $70.00K | 2.269M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3366 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3366 | 0.030 |
4 | 162802 | 0.029 |
2 | 36395 | 0.028 |
1 | 20000 | 0.027 |
1 | 350000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 50000 | 1 |
0.034 | 49597 | 1 |
0.035 | 76000 | 1 |
0.039 | 100001 | 1 |
0.040 | 50000 | 1 |
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