Because if they try to buy as many as they want they will kick the price up well above $1.20. BY doing it that way they have the double benefit of waiting till the last moment and disguising their intentions.
Note for all the noise being made in regard to the options they have the and should be getting the real benefit of waiting till the last moment. if you've seen what has been happening to small spec miners in the last few days with Dec. 16th still to come this benefit the value of holding cash instead of being subjected to market forces not be discounted.
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Last
9.7¢ |
Change
-0.002(2.02%) |
Mkt cap ! $309.1M |
Open | High | Low | Value | Volume |
9.8¢ | 10.3¢ | 9.5¢ | $1.301M | 13.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 49997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.096 |
3 | 864524 | 0.095 |
4 | 177042 | 0.094 |
6 | 506789 | 0.093 |
7 | 946301 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 49997 | 1 |
0.098 | 300000 | 1 |
0.099 | 330001 | 3 |
0.100 | 577627 | 8 |
0.105 | 9153880 | 50 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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