Normally options do lose their premium as ex nears, the larger the portion of the free float the worse this affect will be. Few months ago GPH raises cash at 6.4c, its not certain the 8c options will be converted. Now the share price is trading well above both the placement price and the options ex price which shows confidence in the companies project and expanded market cap with options. I still have questions over the GPH business plan but they are getting more traction in the market as exploration continues as well as support and valuations increase for peers who are also trying to put some SOP on a moving object.
APC Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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