IMO, the last share purchase plan has created a price ceiling with $30mil in options executable at $0.118.
Long story short, everytime options are converted to ordinary shares, it pulls the listed share price back down from $0.12. On the upside, the shareprice appears to have stabilised over the past month bouncing between $0.105 and $0.12 instead of $0.08 and $0.12. I expect a slow push through the "ceiling" over the coming month.
I don't know what the conversion numbers are, but it's likely people are converting early to lock in their cost-base (at conversion), to take advantage of the CGT discount available 12months+ from now. Assuming the share price blows up over the next year investors who converted early will take advantage of the 50% CGT discount versus investors that covert at the time of sale, the latter carries no discount and they'll pay tax on 100% of the profit. Unless of course they sell unconverted options...
Anyone else holding NYR?
That's just my 2 cents, DYOR, not financial advice, GLTAH
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $382.1M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.1¢ | $525.2K | 10.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 92800 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 1045565 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 70000 | 0.052 |
31 | 3304831 | 0.051 |
67 | 5510210 | 0.050 |
18 | 2192645 | 0.049 |
21 | 798435 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 1045565 | 9 |
0.054 | 3292324 | 10 |
0.055 | 791261 | 7 |
0.056 | 2579035 | 12 |
0.057 | 509484 | 7 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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