Ok, what a very interesting day and perhaps a few more of these to come.
Lets roughly work on ~ 52m shares traded today across ASX and Chi with an average of 1.8c and ~value of $936k
A potential is that some knew what they were doing in the early parts of the day selling to exit or selling to raise capital for future option conversion?! I'm taking the positive side that the bulk of selling was for option conversion and that the market has said a lot in that heads have been absorbed by other market participants believing that there is value to be had at the current pricing.
Anyways, what would I know in this topsy turvy games. Just that I expect to see a few more days like these over the coming weeks.
We wait and see for option conversions possibly next week and beyond once certificate of sale has reached the accounts and paperwork and fees paid for option conversion.
All the best, keep well cheers Paul
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26 | 17760321 | 0.008 |
9 | 4326571 | 0.007 |
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7 | 2758000 | 0.005 |
Price($) | Vol. | No. |
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0.011 | 50108658 | 48 |
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