The options weren't actually exercised, in that they sold them back to the company $17 million worth give or take - these options they never purchased no doubt, but were granted as part of bonus earnings I suppose a while back. So they sold them to KGN and how was the $$value of these options determined at selling to KGN? I don't think there has been too much transparencty here, just b.s. about avoiding dilution of shares etc.. they have a way of pussyfooting around reality that never quite rings true. Regardless I don't think KGN is doomed but will bounce back ... that's a lot of cash gone from the reserves why wasn't that explained in the announcement
The options weren't actually exercised, in that they sold them...
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Last
$4.71 |
Change
-0.120(2.48%) |
Mkt cap ! $474.2M | |||
| Open | High | Low | Value | Volume |
| $4.85 | $4.85 | $4.71 | $4.203M | 884.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3658 | $4.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.74 | 2100 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$4.71 |
Change
-0.120 ( 2.51 %) |
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| Open | High | Low | Volume | ||
| $4.82 | $4.84 | $4.71 | 76975 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| KGN (ASX) Chart |