Obvious reason for a sell down is the upcoming option expiry....

  1. 262 Posts.
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    Obvious reason for a sell down is the upcoming option expiry. Prescott / Lanyon sold roughly 3.97M shares and has 3.83M BSAO options to exercise.
    He probably needs most of the cash to exercise the options. Will still hold 18% of the stock after exercise. (16M/90M)
    Most likely some other holders with options will sell down over the next few months too.
 
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(20min delay)
Last
7.0¢
Change
0.001(1.45%)
Mkt cap ! $5.271M
Open High Low Value Volume
7.0¢ 7.0¢ 7.0¢ $811 11.57K

Buyers (Bids)

No. Vol. Price($)
1 231729 6.9¢
 

Sellers (Offers)

Price($) Vol. No.
7.5¢ 21187 1
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Last trade - 12.55pm 16/06/2025 (20 minute delay) ?
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