IMHO, it's a VERY BULLISH sign that Canaccord has taken its fee in options:
Canaccord Genuity (or its nominee), as Sole Lead Manager are to be issued 35,000,000 options at a strike price of $0.03 expiring 3 years from the date of issue.
They could very easily have taken a standard 6% fee ($300k) yet instead have taken out-of-the-money oppies.
The stock needs to get to AT LEAST 4c for this to have been worth their while.
These guys are very astute & I believe have a very good idea about the imminent drill results.
I suspect they'll shake the market out over the next couple of days before the stock moves higher.
A good accumulating opportunity.
Canaccord - Very Bullish
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.392M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1K | 500K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 116030649 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 29863575 | 21 |
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| Last trade - 10.04am 06/09/2024 (20 minute delay) ? |
| MCT (ASX) Chart |