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
4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $243.5M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.2¢ | 4.0¢ | $459.6K | 11.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1091145 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 672161 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| MMI (ASX) Chart |