Looks like a few punters are finally getting the message regarding the 0.4c options expiring next month. I stated late last year Talon was going nowhere because of the options and every man and his dog jumped on me for being so bearish.
The options MUST be converted 5 weeks from today. You can bet your grandmother at least a quarter to a third will be sold to not just fund the cost of conversion but simply to take a juicy profit.
Of course a lot of punters who are receiving the options are current shareholders. It makes a lot of sense for them to be selling right now (at 0.8c) half of what they know they will receive next month and convert the options for no cash outlay.
Still have my buy orders at 0.6c and half a cent. My buy orders at 0.7c were filled weeks ago.
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Looks like a few punters are finally getting the message...
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