is the asx awake ?

Great result for existing holders.

Is the ASX asleep at the wheel with this speeding ticket- Seems obvious that insider trading is happening.

Why?- Altamont have the option to acquire a further 15% of stock at 50c per share at their calling.

But this dilutes everyone else by 15%.

Therefore to maintain the equivalent value of a share price option to be struck at 50c will be to ensure the share price is maintained 57.5c when the options are exercised (57.5/115 x 100= 50).

It is unlikely Altamont would not exercise their call until they are in the money- no point exercising when the share price is less than 57.5c as with this action they dilute themselves and can buy the shares cheaper on market.

The current run in the price to hit 57.5c suggests that Altamont are preparing to exercise and someone knows about it and is acting on information not widely known.

Of course this is all ...purely conjecture on my part. The ASX should know best.

Maybe the reason for the share run is due to the fall in the dollar so that the US sales results will appear much better when they ride the currency trade.

It would also be valuable to BBG if the debt facility is struck in $AUS dollars with repayment denominated in $AUS dollars- does anyone know whether this is the case ?