If I were them I'd be buying the options back on market. They have a $130m approx liability on their balance sheet based off 7.5% discount to Nav. The options are trading at a market cap of 2$m. Sure, they cant buy them all back @ 0.20 cents (last price), but even if they accumulated up to a 2-3 cents, .. it's still a good risk reward bet for them & shows support to the stock.
If I were them I'd be buying the options back on market. They...
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Last
$2.22 |
Change
0.010(0.45%) |
Mkt cap ! $3.346B | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.23 | $2.22 | $1.886M | 848.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 493576 | $2.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 252409 | 8 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$2.23 |
Change
0.010 ( 0.45 %) |
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| Open | High | Low | Volume | ||
| $2.23 | $2.23 | $2.23 | 392291 | ||
| Last updated 15.53pm 13/06/2024 ? | |||||
| MGF (ASX) Chart |