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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38.5¢ |
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Mkt cap ! $120.8M |
Open | High | Low | Value | Volume |
39.5¢ | 40.0¢ | 38.0¢ | $571.4K | 1.456M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2200 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 47843 | 5 |
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No. | Vol. | Price($) |
---|---|---|
2 | 27200 | 0.380 |
4 | 87420 | 0.375 |
9 | 196189 | 0.370 |
7 | 404655 | 0.365 |
5 | 126377 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 52947 | 6 |
0.390 | 72898 | 3 |
0.395 | 58975 | 3 |
0.400 | 146270 | 13 |
0.405 | 199002 | 6 |
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