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Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-113

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pedini89

632 Posts.

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19/07/24

11:54

Post #: 74826845
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Originally posted by chuk: ↑

I wonder if the lack of supply for options is starting to help the sp. Some investors were buying options perhaps instead of shares, with around 14 mill options traded in the last 1-2 weeks since they listed. Average price might have been around 1.5c with the price now at 2.2c.
1.5c x 14mill = $210,000. If that went into the shares instead, at an average 5.3c, it would have been 4 million shares.
It may be that some of that was not new money but rotation out of shares and into options but that would also have dampened the sp.

Now things have changed a bit because there are almost no options to buy at current levels. If investors can't buy options then they might buy the shares instead. Also if they can't rotate out of shares to buy options because the are no options to buy, then that reduces the selling pressure on the shares from anyone that may have been doing that rotation.

It would probably be good for the sp now if the options remain hard to buy.

MNBOB

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I recon you are pretty spot on there. 3k worth of shares sold at 5.4 followed buy 3k worth of options bought 1 min later.

MNB Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $34.26M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.9¢	$15.23K	390.5K

Buyers (Bids)

No.	Vol.	Price($)
4	77308	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	213953	4

View Market Depth

No.	Vol.	Price($)
4	77308	0.039
5	804999	0.038
3	277054	0.036
6	901703	0.035
2	138260	0.034

Price($)	Vol.	No.
0.040	213953	4
0.042	65000	1
0.044	62500	1
0.045	181000	1
0.046	197111	4

Last trade - 12.07pm 21/10/2024 (20 minute delay)

MNB (ASX) Chart

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