Could someone please explain why anyone would put $US 68.5 m in put options at 0.85 when the current exchange rate is around 0.76? This alone would generate a $A 10 m loss of revenue and the Q report said they will be looking for more such opportunities.
I think this might be why the CFO is going because it seems to be a F... moronic decision.
Would appreciate any input.
Keep the Faith
Bauxite investors unite
Could someone please explain why anyone would put $US 68.5 m in...
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $202.4M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.4¢ | $1.040M | 30.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2535065 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 660892 | 6 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| MMI (ASX) Chart |