CVN 0.00% 16.0¢ carnarvon energy limited

How many oppies ?, page-5

  1. 19,172 Posts.
    lightbulb Created with Sketch. 1838
    I reckon this options 'hangover' is one of the reasons the share price is being supressed.
    Punters bought the oppies to make a quick buck but as it hasn't worked out, rather than cop the loss, they're selling their current shares and using the money to fund the conversion of their options.

    Nett result for them is they wind up with the same amount of shares they had before and lose no money on their punt. Nett result for us is that the share price is held flat.

    Bring on 1st January in more ways than one.
    Options will have past their deadline and results from ROC should be almost known.


    BANG!
 
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