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Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-114

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Merchant2000

21,166 Posts.

881

19/07/24

12:16

Post #: 74827346
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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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@chuk

August just around the corner and still nothing

2025 growing season ???????

Even with Govt possible buy in and decrees and quotas - month after months of nothing

Lets hope Angolan govt is more charitable than last CR - with discount to market buy in

GLAH

MNB Price at posting: 5.4¢ Sentiment: None Disclosure: Not Held
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Last 7.1¢		Change -0.001(1.39%)		Mkt cap ! $62.38M

Open	High	Low	Value	Volume
7.2¢	7.3¢	7.0¢	$45.91K	639.4K

Buyers (Bids)

No.	Vol.	Price($)
1	4900	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	195893	2

View Market Depth

No.	Vol.	Price($)
1	4900	0.071
2	130785	0.070
3	109000	0.069
2	36457	0.068
1	20000	0.066

Price($)	Vol.	No.
0.072	195893	2
0.073	327281	2
0.074	140772	2
0.075	250000	1
0.077	84341	2

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