If the current selling is from existing holders to take up placement shares, it can only be to secure the new options. With the SP trading at 2.3c, the options are being valued at 0.4c. Probably sellers and buyers are winning at this level. Buyers get the shares 0.2c cheaper than the SPP and sellers get leverage through the options for the small trade off. I can see there being strong demand for these options given the 5c strike and two year expiry. Timing should be perfect with completion of the DFS and mining licence anticipated to be completed, funding/construction and a strengthening U sector.
If the current selling is from existing holders to take up...
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Last
11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $90.91M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $168.4K | 1.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 946382 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 217654 | 4 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| AEE (ASX) Chart |