Could be a number of reasons... but you’d speculate the most likely scenario is anticipation of the assay results being announced..
Thats a lot to inject into the coffers a year or so early, a lot can happen between now and then..
Considering the last 4 months of broker data tells me that non retail brokers are soaking either for clients and/or own capital... retail brokers are the majority of negative net value transactions, I’d speculate those converting were “advised” it was a good idea to do so now..
Ann: Exercise of Listed Options, page-9
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Last
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Mkt cap ! $11.21M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $5K | 2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 58871202 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 63350345 | 61 |
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| Last trade - 10.19am 31/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.2¢ | 0.2¢ | 3580000 | ||
| Last updated 15.11pm 31/05/2024 ? | |||||
| MCT (ASX) Chart |