I think you are right. I see no mechanism to make the options more valuable. The only way for them to become more valuable is SP appreciation. Given the details you would expect the SP to drift don towards the $8 to $9 range.
RIP
Ann: PBH Announces A$400m Capital Raising, page-3
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $148.1M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 45.0¢ | $204.8K | 450.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110005 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 16213 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
0.005 ( 0.91 %) |
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| Open | High | Low | Volume | ||
| 45.0¢ | 46.0¢ | 45.0¢ | 237032 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| PBH (ASX) Chart |