But others aren't crashing, if anything other junior oilers are relatively flat.
This cash cow is being dumped because 1,300,000,000 options expire in a month and every person that holds them is either dumping them or dumping their heads in order to take a tax loss and keep their existing allocation when they convert.
IMO the market will push the options OTM, but it doesn't mean much, 900,000,000 are underwritten.
All DP can do is convert his options and deploy the capital as quick as possible, tbh I'm uncertain of both events occurring.
But others aren't crashing, if anything other junior oilers...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.41M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $4.848K | 440.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 20263722 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 12533600 | 18 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
1.1¢ |
Change
0.000 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.1¢ | 182374 | ||
| Last updated 15.56pm 14/06/2024 ? | |||||
| BRK (ASX) Chart |