I really don’t think you know what you are talking about. LDA are required to purchase shares as per an agreement signed a year ago. The price they pay (and we issue at) is a combination of what the SP does over the next few months. Nothing to do with put options at all.
The reason this is happening is outlined here by the company….
I really don’t think you know what you are talking about. LDA...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $737.6K | 4.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 1587304 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 213251 | 4 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |