It could be a leaky ship or it could be a tree shake. It could also be about reducing risk. Perhaps it’s just some existing LRV shareholders who are sophs taking a bit of profit. If I was an existing LRV shareholder who is a soph (and we do have some), and if I took up the soph offer of 18 cents a share plus option and I had an existing 1,000,000 LRV shares and took up the offer of 1,000,000 at 18 cents plus option, why not sell my existing 1,000,000 at 21 - 24 cents and pocket an easy $30-$60K. Not bad pay for a few days work. Still got $1,000, 000 LRV shares plus $30-$60 K plus 1,000,000 options. Basically a good strategy to virtually be free carried. If LRV rockets like we all hope then the options are a bonus. If on the other hand things do not go well then sell the heads and sit on the oppies.
i am using the opportunity to increase my holdings between 20 - 22 cents.
A really good deal for sophs !
Disclosure. - I am not a soph.
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $34.31M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 10.5¢ | $119.4K | 1.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 394554 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 665079 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 394554 | 0.110 |
11 | 688247 | 0.105 |
21 | 1177930 | 0.100 |
2 | 32000 | 0.099 |
1 | 100000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 665079 | 7 |
0.120 | 575600 | 4 |
0.130 | 100000 | 1 |
0.135 | 88000 | 2 |
0.140 | 113250 | 3 |
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