I would assume KBC are selling to reduce their MEL exposure to compensate for the $2.5M increase in exposure following the debt facility. Sensible risk management. Under the debt facility KBC has 96M options at $0.025 so their upside potential has increased, despite selling ~10M shares in the last month.
I would assume KBC are selling to reduce their MEL exposure to...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $10.11K | 2.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 10141399 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4823219 | 7 |
View Market Depth
| Last trade - 12.40pm 12/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |