As the “estimated opening price” is currently at 0.053, the peanut ‘selling’ at 4.6, actually wants to get his full 5.3+ on open. As this peanut realizes he may well have missed out on the SPP altogether (shares and free options), he may be figuring he needs some dollars so he can start buying the ‘options’ and leverage his way back in.
Not a bad strategy at all IMHO but everyone has their plan. Just suggesting this may well be the way this particular ‘peanut’ wants to play the game.
Ann: Trading Halt-MXC.AX, page-22
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